Breaking News

Sindh Ex-Mills Sugar Prices has lift @ PKR 2.25/- Kg

I stated this in my previous business plan

1. June – Post budget announcement scenario – We expect the prices to increase by around 3.2% (PKR 2/-) increasing the price to PKR 63.77. Reason behind this increase is that clarity on GST and TCP procuring sugar from sugar mills.

2. July - We predict a further rise in Price of sugar due to Ramadan and peak summer season by around PKR 6 (increase by 9.4%) to PKR 69.76. The reason we state (predict) a rise of PKR 6 because sugar mills break-even at PKR 70. Although our technical analyses do state that there will be strong resistance at PKR 66 /KG due to the historical trend in sugar.

More Shahla Salah's questions See All
Similar questions and discussions