Pakistan Sugar Association teams up with govt for sugar price stability

MG News | April 17, 2024 at 12:06 PM GMT+05:00

0:00

April 17, 2024 (MLN): The Pakistan Sugar Manufacturing Association has decided to collaborate with the government to develop a mechanism ensuring price stability for sugar before exporting surplus stock produced in the country.

This decision was made during the Sugar Advisory Board meeting chaired by Minister for Industries and Production, Rana Tanveer Hussain in Islamabad today.

In his remarks on the occasion, Rana Tanveer Hussain reiterated that an increase in sugar prices directly impacts the public at large.

According to the Minister, the government should first meet the local demand for sugar before considering export options to earn foreign exchange.

It was further decided that the provinces and PSMA would ensure a smooth supply of commodities in the domestic market and price stability till the start of the next crushing season.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,860.00	118,295.00 116,115.00	2035.00 1.76%
BRENT CRUDE	67.52	68.42 67.19	-0.43 -0.63%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.31	64.20 63.03	-0.39 -0.61%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%