ISLAMABAD -- Sugar prices in Pakistan jumped nearly 30% to their highest level in a year during Ramadan, with experts blaming mills for intentionally squeezing domestic supplies.
Mill owners prioritize exports, squeezing local supplies, experts say
Trays of food ready sit ready for Muslims in Karachi waiting to break their fast during the holy month of Ramadan, when sugar consumption is particularly high. © Reuters
ISLAMABAD -- Sugar prices in Pakistan jumped nearly 30% to their highest level in a year during Ramadan, with experts blaming mills for intentionally squeezing domestic supplies.