Pakistan faces rising sugar prices and market instability

Sugar prices in Pakistan are rising sharply. Retail prices jumped from Rs130 to Rs180 per kilogram since January. This increase has alarmed consumers, especially during the ongoing sugar crushing season. The sugar industry has a history of price manipulation. Manufacturers and retailers often collaborate to raise prices. Despite past inquiries into their practices, little action has been taken against them. A recent investigation recommended reforms to prevent future price crises, but those suggestions were ignored. The government is now considering importing raw sugar to stabilize prices. However, experts warn that this is only a temporary fix and does not address the real issues. The current price hikes are not due to shortages but to market manipulation. Experts argue that comprehensive policy reforms are needed. They suggest that the government should deregulate the sugar trade completely. This would allow market forces to set prices and improve stability in the sugar market. Without these changes, price volatility is likely to continue.