Sugar prices could go up as Punjab raises sugarcane rate

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Sugar prices in the country are expected to go up as the Punjab food department raised the rate for sugarcane on November 18.

According to details, the Punjab government’s food department raised the sugarcane price by Rs300/40kg. In a session of the food department on Friday, the government advised beginning the sugar-crushing season before November 25.

Sugar prices in the country are expected to rise after the sugarcane price hike. Sugar price could go from Rs112 to Rs115, food department sources told. The price would be allowed to be raised before December 1, they said.

 

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