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Wholesale sugar prices have dropped sharply across Pakistan after decisive government action against hoarding and speculative trading, bringing stability to markets and raising hopes of relief for consumers at the retail level.
The decline has been most visible in major trading centres, particularly Karachi and Punjab. Market sources said wholesale sugar prices in Karachi fell from around Rs200 per kilogram to Rs150, with further softening to Rs146 per kilogram as supplies improved. In Punjab, wholesale rates have also eased to nearly Rs145 per kilogram.
Chairperson of the Wholesale Grocers Association Abdul Rauf Ibrahim said strict monitoring and enforcement played a key role in discouraging artificial price hikes. He noted that forward sugar deals are now being booked at around Rs135 per kilogram, signaling expectations of further reductions.
He added that with the sugarcane crushing season in full swing and continued oversight, prices could decline further in the coming weeks.
Traders attributed the easing trend to ample sugar stocks nationwide and sufficient reserves to ensure uninterrupted supply. They said about 150,000 tonnes of imported sugar currently stored in warehouses has also helped reduce pressure on prices.
Market participants believe sustained enforcement against hoarders and smooth crushing operations will be critical to maintaining stability.
