As the government approved the export of 500,000 tons of sugar last month, the price of the commodity in Lahore’s markets has surged by Rs 8/kg in a single month.
The approval in the second week of December last year continued to affect prices of the commodity in the month of January.
However, the consumers have rejected the raise, saying increasing rates after arrival of new crop of sugarcane is unjustified.
An estimated 500,000 metric tons of sugar will be exported in a phased manner till March 31, 2016.
