Pakistan. Sufficient stocks of sugar available: PSMA

29.07.2016

Spokesman of Pakistan Sugar Mills Association (PSMA) Punjab Zone has said that sufficient stocks of sugar are available in the country. He said, recent increase in the prices of sugar is due to market mechanism. When payments of sugarcane growers are cleared every year, the pressure of sale on sugar mills decreases due to which fluctuation in the prices of sugar is a normal phenomenon.

The spokesman said, due to continuous increase in sugarcane prices cost of production of sugar has increased considerably, which comes to Rs 64/65 per kg ex-mill.


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