Today Sugar Rate in Pakistan 2022

 

Today sugar rates in Pakistan are relatively less than last year’s prices. The sugar industry is one of the mega businesses in the country. Pakistan’s sugar trading plays a vital role in the growth of the economy. This blog will educate you about the recent sugar prices in the year 2022.

Today sugar rates in Pakistan are relatively less than last year’s prices. The sugar industry is one of the mega businesses in the country. Pakistan’s sugar trading plays a vital role in the growth of the economy. This blog will educate you about the recent sugar prices in the year 2022.


Pakistan Sugar Industry:

The sugar industry was ranked the 7th highest industry globally in 2010-11 for exporting sugar and confectionery products in the international market. This industry has a revenue of USD 2.3 billion through exporting sugar globally.

The sugar industry is the largest growing industry as it is valuable food nutrition and a vital source of carbohydrates. Pakistan is the 4th largest sugarcane crop cultivating country in Southeast Asia, with a crop value of Rs.48292 Million.

The sugar industry was ranked the 7th highest industry globally in 2010-11 for exporting sugar and confectionery products in the international market. This industry has a revenue of USD 2.3 billion through exporting sugar globally.


The number of Sugar Mills in Pakistan:

Pakistan has the largest number of sugar mills available than any other country in Asia. There are 70 functioning sugar mills nationwide that make a yearly profit of Rs. 299 million. These industries produce approximately 58 million tons of sugarcane.

Popular Sugar Mills in Pakistan:

Following are the names of some famous sugar mills in Pakistan:

·        Fauji Sugar Mills

·        Shakarganj Mills Ltd

·        Crescent Sugar Mills

·        Khairpur Sugar Mills

·        Najma Sugar Mills Ltd

·        Jauharabad Sugar Mills Ltd

·        Tandlianwala Sugar Mills Ltd

·        Ranipur Sugar Mills (PVT.) Ltd

 

Pakistan’s Sugar Trading:

Pakistan’s sugar trading is relatively higher than other countries in Southeast Asia. Pakistan is one of the top-quality exporters of sugar and sugar confectionery products. The sugar trading revenue was Rs.110.84 Million US Dollars in the year 2020.

Pakistan’s sugar trading is relatively higher than other countries in Southeast Asia. Pakistan is one of the top-quality exporters of sugar and sugar confectionery products. The sugar trading revenue was Rs.110.84 Million US Dollars in the year 2020.


Top Sugar Trading Partners of Pakistan:

Following are some of the most prominent sugar trading partners of Pakistan.

Sr. No

Country

Share percentage

Profit

1

USA

28%

31 million US Dollars

2

Afghanistan

34%

22 million US Dollars

3

Oman

8.71%

5.57 million US Dollars

4

Kenya

6.96%

4.45 million US Dollars

5

Nigeria

6.44%

4.12 million US Dollars

 

What Is the Role of the Sugar Industry in Pakistan’s Economy?

The Pakistan sugar industry plays a preeminent role in the economy. A very large number of annual grossing development is earned from sugarcane production. Sugarcane is the fourth largest growing crop in Pakistan, giving out Rs. 48,292 million. Pakistan’s sugar industry contributes 11.2% to the Government exchequer in Federal excise duty.

The Pakistan sugar industry plays a preeminent role in the economy. A very large number of annual grossing development is earned from sugarcane production. Sugarcane is the fourth largest growing crop in Pakistan, giving out Rs. 48,292 million. Pakistan’s sugar industry contributes 11.2% in Government exchequer in Federal excise duty.


Price of Sugar today:

The Sugar price in December 2021 was Rs. 140 Kg, which came down in January 2022.

Following are the sugar prices in four provinces of Pakistan in January:

Sr. No

Province

1Kg Price

5Kg price

50Kg price

1

Punjab

Rs. 125-130

Rs.530-540

Rs.6,000 per pack

2

Sindh

Rs. 145 to 150

Rs.425-540

Rs.6,000 per pack

3

KPK

Rs. 140 to 145

Rs.540-590

Rs.6,000 per pack

4

Balochistan

Rs. 150 to 155

Rs. 530-540

Rs.6,000 per pack

 

Why is Sugar Industry So Important for Pakistan’s Trading?

The sugar industry of Pakistan is the 4th largest. This particular industry makes a revenue of 1 billion dollars annually. Last year Pakistani sugar industry made 6.8 million metric tons of sugar products.

The import and export of sugar and sugar confectioneries products bring an 18% and 1.9% in Gross Development Products (GDP). This industry’s employment rate is over 100,000 labor force, and above 9 million rural area people are involved in sugarcane production.

 

Frequently Asked Question (FAQs):

Following are the FAQs about the Sugar Rate in Pakistan 2022:

Q1: What is the price of 1Kg sugar in Pakistan?

Ans: The price of 1kg sugar is Rs.125-130.

Q2: How much sugarcane is produced annually in Pakistan?

Ans: 6.8 million metric tons are annually produced in Pakistan.

Q3: What is the rank of the Pakistan sugar industry in global trading?

Ans: The Pakistan sugar industry is ranked 7th in global trading.

Q4: How much profit does Pakistan make annually from sugar trading?

Ans: The Pakistan sugar industry makes a yearly profit of Rs. 299 million.

Q5: How many sugar mills are working in Pakistan?

Ans: There are 70 running sugar mills in Pakistan.

Final Thought

Today Sugar Rate in Pakistan has reduced in 2022 than last year. This year took a good economic head start related to the sugar industry. The prices dropped to 20% from last year, a major relief for the public. In this blog, we discussed the importance of the sugar industry and the recent sugar prices.

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