Sugar price goes up despite 1.2m ton stock

The price of sugar in the province of Sindh is on the rise despite 1.2 million tons of available sugar stocks in the country.
The ex-mill sugar price across Sindh has recorded an increase of Rs5 per kilo during the last five days.
Industry sources said that following government permission to further export sugar, the escalating trend in price continues since last week. The ex-mill price-hike has triggered rising wholesale price to Rs52 per kilo.
Experts said that 1.2 million tons of sugar stock exists across the country, while the profiteers making false pretense of sugar exports have suddenly escalated the price of sugar.
The people have demanded from the government an effective control of sugar price for its stabilization.