Due to the decrease in production in Pakistan, the retail price of sugar has gone up to 100 Pakistani rupees per kilogram.
Pakistan can get sugar soon after importing from India, which is struggling with a huge shortage of sugar.
An organization of sugar industry said on Sunday that if Pakistan starts trade with India, it can get cheap sugar and prices can be controlled there before the coming month of Ramadan. Pakistan can get sugar soon after importing from India, which is struggling with a huge shortage of sugar.
Due to the decrease in production in Pakistan, the retail price of sugar has gone up to 100 Pakistani rupees per kilogram. The Pakistan Economic Coordination Committee (ECC) has recommended the government to allow import of five lakh tonnes of white sugar to increase availability. Last week, trade between the two countries was expected to reopen. However, the Pakistan ECC’s decision to allow the import of sugar and cotton from India was stopped by the Pakistan Cabinet.
5 million tonnes of sugar shortage
According to Pakistani traders, in the neighboring country it is expected to produce 56 lakh tonnes of sugar in the marketing year (October-September) of 2020-21, while there may be a shortfall of five lakh tonnes against the demand. All India Sugar Traders Association (AISTA) President Prafulla Vithalani said that India can easily meet Pakistan’s sugar shortage. He said, “If business starts again, both countries have an advantage in it.” I want to say that essential commodities of human consumption should be kept away from politics.
Sugar arriving in 60 days will arrive in 5 days
He said that in Pakistan, sugar can be transported by road via Punjab at the rate of $ 398 per ton (including freight) and this rate is $ 25 per ton cheaper than the sugar coming from other countries by sea route. He said that it takes 45-60 days to deliver sugar from Brazil to Pakistan, while sugar can be transported there from India in four days.
Also read, 1 crore Gas Connections are going to be distributed this year for free, thus benefit from the scheme
Also read, you can get insurance up to 65 lakhs on fixed deposits deposited in the bank, know how