Close Menu
    Trending
    • British soldiers accused of more abuses in Kenya: What we know | Crime News
    • Jahmyr Gibbs hit Daron Bland with the nastiest ankle-breaker of the season
    • Trump’s peace plan for Gaza is on life support
    • Netflix stock sinks as the streaming giant reveals plans to buy Warner Bros. and HBO in $83 billion mega-deal
    • Elon Musk’s X fined €120m over ‘deceptive’ blue ticks
    • It Is Not Racist To Ban Migrants From Third-World Nations
    • Screaming students give French president rockstar greeting in China
    • ‘Uninterrupted oil shipments’: Key takeaways from Putin-Modi talks in Delhi | Vladimir Putin News
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»Latest News»Despite rising prices, Pakistan’s love for sugar remains unshaken | Business and Economy
    Latest News

    Despite rising prices, Pakistan’s love for sugar remains unshaken | Business and Economy

    The Daily FuseBy The Daily FuseMarch 21, 2025No Comments7 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Despite rising prices, Pakistan’s love for sugar remains unshaken | Business and Economy
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Islamabad, Pakistan – When Ayesha Khan, a mom of 4, was shopping for groceries for her household this week, sugar was excessive on her procuring listing.

    A number of miles away within the corridors of energy, Pakistan’s authorities and bureaucrats had been making an attempt to thrash out a repair for sugar’s hovering costs. However for Khan, shopping for sugar was a necessity.

    “It has been nearly 20 days since Ramadan started, and this would be the third time I’m shopping for a five-kilogramme bag of sugar for the household,” Khan, who’s in her 30s, informed Al Jazeera whereas procuring in an Islamabad market frequented principally by middle-class clients.

    “What can I say? All of us have a candy tooth, and we love our sugary tea and rooh afza!” she added, laughing, referring to the popular rose-flavoured beverage.

    Common inflation within the nation has trended downwards over the previous 12 months, with inflation crashing from 23.06 % in February 2024 to 1.5 % in February this 12 months. This was after inflation had reached a report excessive of 38 % in Could 2023.

    Nonetheless, over the previous few months, the value of sugar has elevated by practically 22 %, rising from 140 rupees per kilogramme ($0.50) in January to 171 rupees per kilogramme ($0.61) within the second week of March, in accordance with Pakistan’s Bureau of Statistics.

    (Al Jazeera)

    However within the markets of Islamabad, many shoppers mentioned that the rise in sugar costs was solely a pinch, not a punch, to their wallets, including that the soundness of costs for different key commodities equivalent to milk, wheat and rice helped them stability their budgets.

    Mohammad Shehzad, 27, was shopping for jalebi – a spiral-shaped South Asian dessert constituted of all-purpose flour and soaked in sizzling sugar syrup.

    He mentioned that whereas Ramadan normally introduced a slight improve within the costs of practically each commodity, issues had been worse in earlier years.

    “We do love so as to add sugar to our tea and desserts, in fact, however as a result of our total expenditure is underneath management, the rise in sugar costs has not harm us an excessive amount of,” he informed Al Jazeera whereas putting an order for 3 kilogrammes of jalebi, bought for 650 rupees ($2.32) per kilogramme, for an iftar dinner at his home.

    Ramadan, with its each day rituals of suhoor and iftar — the predawn and post-sunset meals, respectively — typically brings a barely greater consumption of varied meals objects.

    Wajid Mehmood, the supervisor of Shikarpuri Sweets, the dessert store the place Shehzad was shopping for jalebi from, mentioned that whereas the general enter value had elevated resulting from rising sugar costs, it had primarily affected revenue margins.

    “We buy about 10 to 12 luggage per day, every weighing 50kg, for our six branches. One bag at the moment prices us 8,500 rupees ($30). Earlier than Ramadan, it value us 7,800 rupees ($27) per bag,” he mentioned.

    Interactive_Pakistan-inflation-March20_2025-One year inflation
    (Al Jazeera)

    Nonetheless, Mehmood mentioned that the store house owners had determined to not cross the elevated value on to clients throughout Ramadan.

    “Possibly the value will likely be raised slightly at Eid,” he mentioned, referring to the festive interval that follows the month of fasting.

    For some, like Muhammad Zahid, a juice vendor who has run his roadside stall for the previous 32 years, pricing will depend on a mixture of things, together with will increase within the costs of each sugar and fruits, equivalent to apples, bananas and oranges. Throughout Ramadan, he has no clients through the day.

    “With Ramadan, my sugar necessities have naturally gone down, so my each day utilization is between two to 3 kilogrammes, costing me 165 rupees ($0.59) per kilogramme nowadays,” he mentioned whereas slicing fruits.

    Not like the supervisor on the sweets store, Zahid mentioned that the value of a glass of juice fluctuated relying on his whole enter value – he can’t afford to buffer the client from value modifications.

    “If you would like a glass of banana juice, it’ll value you 150 rupees ($0.54) as a result of each sugar and bananas are costly proper now,” he mentioned. “However for those who come after Ramadan, the value would possibly drop to 130 rupees per glass.” 

    The rise in costs, he believes, is partially as a result of wholesale merchants are hoarding sugar to make earnings at a time once they know that the majority shoppers will purchase it for his or her iftar and suhoor meals. He mentioned he expects hoarding to go down after Eid.

    Workers of a charity group called "Alkhidmat Foundation Pakistan" prepare packets of sugar and other foodstuff to be distributed free among needy people for the upcoming Muslim fasting month of Ramadan, in Islamabad, Pakistan, Sunday, April 11, 2021. Ramadan begins with the new moon probably next week as Muslims around the world are trying to work out how to maintain the many cherished rituals of Islam's holiest month amid the coronavirus pandemic. (AP Photo/Anjum Naveed)
    The price of sugar in Pakistan has seen a surge as the value has elevated by 20 % within the final three months [File: Anjum Naveed/AP Photo]

    The federal government, for its half, mentioned it’ll attempt to comprise sugar costs and be sure that hoarders don’t exploit the scenario.

    Deputy Prime Minister Ishaq Dar said earlier this week that the federal government would guarantee the value of sugar doesn’t exceed 164 rupees (0.59) per kilogramme.

    The gradual improve in sugar costs has been blamed on hoarders, who purchased massive portions of sugar earlier when costs ranged between 140 ($0.50) and 150 rupees ($0.54) per kilogramme.

    Pakistan’s whole sugar manufacturing for the present monetary 12 months, which can finish in July 2025, is forecasted at 6.8 million tonnes, whereas consumption is anticipated to be about 6.7 million tonnes.

    Mohammad Rashid, a grocery store proprietor in Islamabad, mentioned his store was at the moment promoting sugar at 168 rupees (0.60) per kilogramme, a rise of 16 rupees ($0.06) in contrast with earlier than Ramadan.

    Blaming an “synthetic scarcity” out there, Rashid mentioned that there had been a slight discount in sugar gross sales.

    “We used to promote near 16 to 18 luggage of 50kg every per day. However with Ramadan and the inflated value, our gross sales have dropped to roughly 12 to 14 luggage per day,” he informed Al Jazeera.

    In the meantime, Pervez Kiran, who has run his grocery retailer in Karachi for the previous three a long time, mentioned that regardless of the value improve, sugar consumption was unlikely to be considerably affected.

    “It’s a non-perishable merchandise, not like milk, greens or fruits, in order that helps. Secondly, individuals right here simply love sugar, even when it kills them. Our each day gross sales vary between 80 and 100kg per day, and so they have remained the identical, whether or not we promote sugar at 150 rupees ($0.54) per kilogramme or 170 rupees ($0.61) per kilogramme,” he informed Al Jazeera over the telephone.

    Naila Ahmer, a housewife from Karachi and a mom of 5, agreed that for her household, sugar consumption remained fixed regardless of value fluctuations.

    “Our household loves desserts, and through Ramadan, we make juices and drinks that require sugar. However our month-to-month buy stays roughly the identical, between seven to 10kg, as throughout non-Ramadan months, we steadily make desserts,” she informed Al Jazeera.

    Again in Islamabad, Khan, who hails from Charsadda within the northwestern Khyber Pakhtunkhwa province, explains how her household’s obsession with sugar goes up throughout Ramadan.

    She mentioned her husband, a manufacturing facility supervisor on the outskirts of Islamabad, offers her roughly 50,000 rupees ($178) for groceries each month, however throughout Ramadan, he will increase the quantity to 70,000 rupees ($250).

    “We’re at the moment constructing a small extension in our home, so quite a lot of our cash goes there. However throughout Ramadan, we have now paused building resulting from additional bills. We are going to look ahead to the month to finish earlier than resuming building, however we gained’t cease shopping for sugar,” she mentioned.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    British soldiers accused of more abuses in Kenya: What we know | Crime News

    December 5, 2025

    ‘Uninterrupted oil shipments’: Key takeaways from Putin-Modi talks in Delhi | Vladimir Putin News

    December 5, 2025

    Who is Brian Cole, arrested for planting pipe bombs in Washington in 2021? | Crime News

    December 5, 2025

    Australia hails ‘shared vision’, as defence minister set to visit Japan | Military News

    December 5, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    9 Americans Held Hostage In Venezuela — Where Is The Outrage? Where Is The Bipartisan Support? (VIDEO) | The Gateway Pundit

    April 22, 2025

    RED TAPE: Hundreds of Residents of Pacific Palisades Choose to Sell Their Homes Rather Than Rebuild After Fires | The Gateway Pundit

    June 6, 2025

    HERE WE GO AGAIN: Judge Rules Trump Admin Cannot Deport Radical Pro-Hamas Activist Mahmoud Khalil | The Gateway Pundit

    June 12, 2025

    ICE deportation plans betray a post-Holocaust promise

    July 22, 2025

    A look at the possible candidates who might succeed Pope Francis

    April 22, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.