Sugar prices surge amid reports of export ‘permission’

KARACHI: Domestic sugar prices have risen by Rs10 to Rs150-150 per kg in different parts of the country amid reports that the government is under pressure from millers to allow the export of one million to 1.5 million tonnes of the commodity.

Karachi Wholesalers Grocers Association (KWGA) Chairman Rauf Ibrahim said the wholesale price jumped Rs7-8 per kg in the last 10 days to Rs138-139 per kg on reports about likely permission for sugar exports.

He warned the government not to yield to millers’ pressure; otherwise...