Punjab govt bid to control sugar price

Published
0

LAHORE: In a bid to control the rising prices of sugar, the Punjab government promulgated an order late on Friday evening, authorising the cane commissioner and deputy commissioners to regulate trade of the commodity, from fixing the rate to storage, transport and distribution of the sweetener.

The Punjab Foodstuffs (Sugar) Order, 2023 issued under Section 3 of the Punjab Foodstuffs (Control) Act, 1958 says that the cane commissioner may fix the ex-mill sugar price after giving a three-day notice to the representative body of sugar factories for hearing their point of view.

The notice may be given electronically or digitally or otherwise and shall be deemed as final.

Likewise, the DC of the concerned district may fix the retail price of the sweetener after hearing the representatives of traders as well as consumers.

DCs empowered to fix retail trade after hearing traders and consumers

The cane commissioner may prohibit withholding from sale of sugar and direct the occupier of the factory to dispatch it to the buyer from the place of storage in a time-frame so specified.

The cane commissioner has also been authorised to inspect a premises or vehicle suspected of being used for storage or hauling of sugar in violation of the ordinance and seize the same consignment.

The seized sugar stock may be sold at the notified price within 30 days of the seizure and the proceeds shall be deposited with the concerned treasury, and if: (a) the accused person whose stock has been sold is acquitted of the offence, the deposited amount shall be released to the accused; or (b) the accused person is convicted of the offence, the deposited amount shall be deposited with the Provincial Consolidation Fund.

The ex-mill rate of a 100 kg sugar bag has shot up from Rs11,000 to Rs13,600 within a month.

A month ago, the per kg ex-mill rate of the sweetener was Rs110, while it is now being sold at Rs135 per kg. The retail rate of the commodity has touched the mark of Rs160 per kg.

The wholesale dealers have been blaming the federal government for the sugar price hike saying its permission to allow export of the sweetener has created a shortage of the commodity in the local market.

They also accused the retailers of overcharging their consumers and argue that if the retailers had charged Rs5 per kg profit, the sugar should have been available in the market at Rs140 per kg. But the shopkeepers, they say, are charging more than Rs35 per kg.

Published in Dawn, July 29th, 2023

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...