The government on Friday warned sugar industry that if the commodity’s price continues to show an increasing trend in the domestic market, options of putting a ban on exports maybe explored, claimed a report in Business Recorder.
This message was conveyed to the sugar industry at a meeting of Sugar Advisory Board (SAB) presided over by Prime Minister’s Adviser on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood.
The price of sugar has increased by 29 per cent – from Rs 58.47 per kg to Rs 75.38 per kg in August 2019 which is a cause of concern for the government.
According to the report, Abdul Razak Dawood warned the sugar industry that the government will consider imposition of ban on sugar export if the current increasing trend in its price continues.
