Sugar millers claim that the government has agreed to let market forces determine the price of the sweetener, while intervening at appropriate times to keep prices within a “reasonable” range.
“The government will leave the sugar prices up to the market mechanism though it shall maintain strategic stocks and intervene in the market at an appropriate time to supplement the market and keep the prices at a reasonable level,” Pakistan Sugar Mills Association (PSMA) chairman Zaka Ashraf claimed at a press conference here on Friday.
