AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,605 Increased By 33.2 (0.39%)
BR30 26,904 Decreased By -371.6 (-1.36%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

A Pakistan Sugar Mills Association (PSMA) spokesman has called on the government to fix the minimum sugar support prices and made it clear that there has never been a shortage of sugar since the government has otherwise assumed.
The spokesman said a meeting between Chairman Chaudhry Zaka Ashraf and Citizens Rights Association President Nasir Ahmad took place to clarify about the availability of sugar in the country. Ashraf made it clear to Ahmad that there was a misunderstanding on the part of the government assuming that there was a shortage of essential food items, including sugar.
He said sugar mills were running at full capacity and that sugarcane farmers were getting good return on their crops and this year they expected surplus sugar and the question of shortage would never arise. He went on to say that consumers were having no problems and instead sugar mills were having their own with how to get rid of their stocks because they had been under pressure to pay growers. And that also because the sugar prices had fallen below the cost of production the government promised to keep at Rs 29.30 per kilogramme.
The spokesman said if there was no way to fix the sugar price then fixing of sugarcane price should also be done away with. He said in the present situation the sugar industry was losing heavily because of the fallen sugar prices and until the minimum sugar prices are not ensured by the Government the problem of cane payments will continue to arise, which cannot be resolved.-PR

Copyright Business Recorder, 2008

Comments

Comments are closed.