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KARACHI (Manend News): Spokesperson of Finance Ministry
Muzzammil Aslam on Saturday said that increase in demand of sugar
and delay in crushing of sugarcane caused hike in price of the
commodity.
Muzzammil Aslam, while addressing a press conference, said that
government has sugar stock for 22 days but Sindh government is not
asking the Centre for cheap sugar nor is it starting crushing of
sugarcane.
He said that price of sugar is a provincial matter and because of that
Punjab government raided several warehouses which were hoarding
sugar which reduced price of the essential commodity but on the other
hand, Sindh government did not take any such action and is just busy
in blaming the federal government for the hike.
The spokesperson said that crushing in Punjab will start from
November 15 while one vessel would also be berthed in couple of days
carrying 40,000 metric tons of sugar.
He added that daily requirement of sugar per day is around 15000
tons while the country has stock of 130,000 metric tons.
It merits mention that price of sugar has significantly increased in past
few days with price of the commodity reaching Rs160 per kg in some
parts of the country.
Dealers of sugar have blamed delay in crushing of sugarcane for the
price hike and warned that the price will increase further in coming
days.