Sugar crisis: Hike in sugar prices cost whooping Rs86 billion to consumers
(WorldNews Pakistan)

ISLAMABAD: The common man has paid a heavy price of sugar crisis in terms of price hike. During last 14 months, the consumers have paid almost Rs85 billion rupees extra due to the unprecedented hike in sugar prices out of which around Rs 76 billion alone were pocketed by the sugar mills owners, data analysis establishes. In December 2018 the ex-mill price (the price on which mills sell sugar to the buyers) was Rs 51.64 whereas the retail price in the market was Rs55.99. However, from December 2018 to February 2020, the ex-mill price has increased by almost Rs20 due to which the retail price was also increased by Rs 24 per kilogram. Pakistan’s total annual consumption of sugar is 5.2...