KARACHI: Wholesale sugar rates are now on a downward trajectory as cane crushing in Punjab and Sindh mills gains momentum.

Traders said that wholesale rates in Karachi dropped to Rs160 per kg from Rs190-200 before sugarcane crushing. In Punjab, the rate eased to Rs155 while the commodity was being retailed at Rs175 per kg in some cities, they claimed.

However, retailers in Karachi are not ready to acknowledge the declining trend in sugar prices, as they continue to charge Rs190-210 per kg across various areas. They claimed that they had procured the sweetener at higher rates, and it may take time to pass on the benefit of the wholesale rate drop to the end users.

Some retailers claim that........

© Dawn Business