Staff Reporter
Islamabad
A number of sugar mills have started production of the sweetener for the new season 2020-21 well on time this year. The new stock is expected to curb the price of the commodity and tame the inflation in Pakistan.
“More than 20 sugar mills have started crushing sugarcane in the past one week or 10 days in Sindh…out of total 30-31 mills in the province,” Sindh Abadgar Board Vice President Syed Mahmood Nawaz Shah said.
An office bearer of the Pakistan Sugar Mills Association said the mills, including the ones in Punjab, have stared production of sweetener well on time this year. There are over 40 mills in Punjab and around 8-10 in Khyber-Pakhtunkhwa.
The two stakeholders projected sugar production to be 5-10% higher than 5.2 million tons attained last year (2019-20). “The new production should reduce the price to at least Rs75-80 per kg in retail compared to over Rs100 at present,” Shah said.
