Sugar price hike reports baseless, says food minister Rana Tanveer
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Federal Minister for National Food Security Rana Tanveer Hussain has denied reports claiming that sugar is being sold at Rs180 per kilogram, calling them 'baseless' and 'propaganda meant to create panic among the public.'
Speaking to the media, the minister said no significant increase in sugar prices has occurred, and in fact, government action has led to a Rs5 per kg reduction.
'Media rumours are designed to spread uncertainty. The current market price is Rs164 per kg, not Rs180,' said Hussain. 'These statements are part of a disinformation campaign.'
He added that the federal government is working closely with provincial authorities to monitor the situation and ensure price stability. Prime Minister Shehbaz Sharif has also formed a committee, headed by Ishaq Dar, to determine fair sugar pricing.
According to the minister, hoarders and profiteers are responsible for the recent disruptions and will face strict action. 'There is no shortage of sugar in the country. We will not allow anyone to manipulate prices,' he stated.
Rana Tanveer rejected claims of a sugar crisis, saying last year's sugar stock stood at 7.6 million tonnes, while national consumption was only 6.3 million tonnes. 'The surplus stock was about 1.5 million tonnes, and more than half has already been exported,' he explained.
He acknowledged that while sugarcane cultivation increased by 2% this year, adverse weather slightly affected yield. Still, a national buffer stock ensures a stable supply.
'There is no truth in media reports about sugar shortages or exports,' he said. 'Some vested interests are spreading misinformation to disturb market conditions, but the government is fully implementing the Prime Minister's instructions to maintain supply and prevent shortages.'
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