Govt decides to import raw sugar to stabilize sugar prices
- Sara Habib
- March 11, 2025
- 9:00 am
- 169
- Current Affairs
The Pakistani government has decided to import raw sugar to stabilize the soaring sugar prices. This move comes as sugar prices in Karachi reach Rs 170 per kilogram, worrying consumers. By increasing supply, the government aims to control price hikes and provide relief. The imported raw sugar will be refined locally, boosting future production and ensuring a steady supply.
Why Are Sugar Prices Rising?
The sugar market in Pakistan is facing instability. Prices have surged due to a shortage of nearly 1 million tonnes. Despite a forecasted 3% increase in production for 2024-25, reaching 6.8 million tonnes, the demand still outweighs supply. Without intervention, prices could rise to Rs 200 per kilogram.
How Will Sugar Imports Help?
The government’s decision to import raw sugar is expected to increase availability. This strategy will help in several ways:
Prevent further price hikes
Reduce hoarding and black market trading
Ensure fair pricing for consumers
Refining the imported sugar locally will also support the domestic industry and keep jobs secure in the refining sector.
Importance of Sugar Supply During Ramadan
Ramadan sees a significant rise in sugar consumption. If prices remain high, many families may struggle to afford basic food items. The government’s intervention aims to prevent this situation by ensuring a stable sugar supply at reasonable prices.
Government’s Market Regulation Strategy
This import initiative is part of a broader economic plan. The government is taking proactive steps to:
Monitor sugar stock levels
Prevent artificial price inflation
Strengthen the country’s overall food security
Authorities are also working with local refineries to ensure efficient processing and distribution of the imported sugar.
Future Sugar Market Stability
While the current sugar import plan is a short-term solution, long-term strategies are also being developed. The government is focusing on:
Increasing domestic sugar production
Enhancing storage and distribution systems
Implementing stricter price controls
If these measures are successful, sugar prices may remain stable, benefiting both consumers and businesses.
Pakistan Sugar Mills Association – Learn about the sugar industry.
Pakistan Bureau of Statistics – Check market data and reports.
