After wheat crisis, Pakistan hit with artifical sugar crisis
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ISLAMABAD: After wheat crisis, Pakistan hit with artifical sugar crisis.
A serious case of sugar shortage has emerged in Pakistan as the country already stumbles amid a wheat crisis that has jacked up prices of bread to more than Rs12-15 apiece.
During the incumbent government's 15 months, sugar prices have shot up to as high as Rs64 a kilo. However, over the past week, the wholesale rate rose from Rs64 to Rs74 per kg and an acute shortage surfaced in the country.
Last year, Pakistan produced 600,000 tonnes of sugar. Now, however, the wholesale rate of sugar is expected to reach Rs80 a kilo next week.
Further, if the government does with sugar what it did with fine wheat flour and does not halt exporting it, prices could reach up to Rs100 per kg in Pakistan.
During former president Pervez Musharraf's tenure, sugar prices had skyrocketed to Rs105 per kilo during the month of Ramazan.
