Sugar prices in Pakistan have surged nearly 30%, reaching their highest level in a year, causing significant concern among consumers. After Ramadan ended on March 30, the price of one kilogram of sugar jumped up to more than 180 rupees. That’s right, 65 US cents! This increase is a huge financial blow for many, especially in a month when sugary treats are often in high demand.
For comparison, a year ago, one kilogram of sugar was selling for about 140 rupees. Today, that price has skyrocketed to 180 rupees, up 40 rupees. The public has certainly felt this shocking increase. Sugar is a politically sensitive staple food item in Pakistan, particularly vital during the holy month of Ramadan. The holy month often sees increased sugar consumption, particularly as families gather to break their fasts with sweetened dishes and beverages.
Every year, the average Pakistani eats more than 25 kilograms of sugar — a statistic that underscores the commodity’s importance as a way of life. Sugar prices have jumped by 50% at the onset of Ramadan leading to violent protests from consumers. Millions don’t know how they’re going to make rent this month or pay for groceries or gas. This dramatic increase in sugar prices is brought home directly to household budgets. This effect is acutely felt by families that rely on sugar for cooking and baking.
The government and the market analytical community assign the dramatic price increase to many different factors. They blame supply chain disruptions and a spike in demand during the holy month as primary factors. The moment is still urgent as inflation continues to burn a hole in the pockets of everyday Pakistanis.