Sugar Mills Association has sent a second letter to the Federal Minister for Finance and Minister for Food Security on sugar prices and supply issues. The letter states that sugar supply in different parts of the country is being affected because the S-track portals of the Federal Board of Revenue (FBR) are still closed.
According to the association, after the relaxation of taxes, imported sugar is being given priority for sale, which has created a barrier in the supply of local sugar. These measures are causing further increase in sugar prices instead of stabilizing them.
The letter warns that due to the closure of S-track portals, trucks loaded with sugar are not able to leave the mills, which has affected the supply chain in the market. Mills are not able to clear their stock on time, which is facing difficulties at the beginning of the crushing season.
The Sugar Mills Association has said that such administrative measures can prove dangerous for the sugar industry. If the restrictions remain in place, there is a risk of sugar shortage and price hike in the country.
The association has appealed to the government to immediately lift all restrictions so that uninterrupted supply of sugar can be ensured and stability can be restored in the market.
