Govt allows wheat, sugar import to check prices

The government of Punjab has “anticipated shortage of sugar towards the end of the current season in October or November 2021”. Punjab cane commissioner said despite 20% high production this year, the Punjab government was anticipating 300,000 metric tons of sugar. The crushing is in process and the clear position of stocks can only be gauged at the end of the crushing activity in April this year. The ECC was informed that after lowering taxes, the imported sugar would cost around Rs80 per kg. In the open market, sugar was available in the range of Rs100 to Rs115 per kg.