Utility Stores Cut Sugar Prices by Rs13 Per Kg

The Utility Stores Corporation (USC) has announced a significant reduction in sugar prices across Pakistan, lowering the price by Rs13 per kilogram. This adjustment brings the cost of sugar at Utility Stores down from Rs153 to Rs140 per kilogram, providing immediate relief to consumers. The reduction follows a rebate from sugar mill owners, who agreed to lower the price by Rs17 per kilogram after negotiations with USC. Initially, the USC purchased 12,000 metric tons of sugar at Rs137 per kilogram, but after accounting for additional costs, ended up paying around Rs152 per kilogram. By passing on the benefit of this rebate to consumers, the USC has helped reduce the financial burden of rising sugar costs.

Background and Pricing Adjustments

Previously, sugar prices had reached Rs153 per kilogram at Utility Stores, largely due to market pressures and supply chain costs. The USC negotiated with sugar mill owners to lower production prices, leading to a substantial price cut for end consumers. This adjustment is part of USC’s commitment to provide essential commodities at accessible prices, particularly during times of inflation.

Government Efforts in Agriculture and Forecasted Increases in Crop Production

In addition to addressing sugar prices, the government is focusing on increasing agricultural productivity. Punjab Chief Minister Maryam Nawaz Sharif recently announced an expected 30% increase in wheat output, alongside a promising rise in rice production aimed at bolstering exports to reach $5 billion. The government’s agricultural strategy includes off-season cultivation of high-demand crops such as tomatoes and onions, along with subsidized seeds, advanced machinery, and guidance to farmers.

These measures reflect a broader effort to stabilize food prices and enhance the country’s agricultural output, supporting both local consumption and export potential.