⚠️ Sugar Crisis in Pakistan Worsens as Wholesale Markets Shut Down
Pakistan’s ongoing sugar crisis has deepened, with wholesale markets in several cities shutting down operations amid skyrocketing prices and supply shortages.
📉 Market Situation
Sugar wholesale traders in Karachi, Lahore, Faisalabad, and Multan have suspended business after price volatility created uncertainty.
The wholesale rate surged past Rs 190 per kg, while retail prices have already crossed Rs 200 per kg in some areas.
Traders blame the crisis on hoarding, speculative buying, and supply disruptions.
🏭 Causes Behind the Crisis
Mills’ delayed crushing season and reduced sugarcane production due to weather and flooding.
Export permissions earlier this year reportedly drained domestic stocks.
Government’s crackdowns on hoarders have added to traders’ reluctance to openly supply markets.
📌 Government Response
The Punjab and Sindh governments have formed special teams to raid warehouses suspected of hoarding.
Authorities are considering importing sugar to stabilize prices.
The Competition Commission of Pakistan (CCP) has been tasked with probing cartelization in the sugar industry.
👥 Public Impact
Retailers warn of serious shortages in the coming weeks if the crisis persists.
Bakeries and beverage manufacturers also face production challenges due to soaring costs
