History. In 1972, supply shortfalls, rising demand, unrest in Pakistan, and the devaluation of the dollar all contributed to a large increase in the price of sugar, rising from 5¢/lb in December of 1971 to 9¢ in March 1972. Between 1952 and 1957, during Khawaja Nazimuddin’s regime, this price went up to 75 paisa per kg. The current price of wheat as of December 18, 2020 is $6.0825 per bushel. On the other hand, Federal Minister for Planning and Development Asad Umar has said that the price of sugar fell by an average of Rs31 over the last month. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. “The sugar barons are an integral part of Pakistan’s deep-rooted corruption, along with the military.” As public outrage mounted over sky-high sugar prices, analysts say Mr Khan had to act. Contact them with complete peace of mind with our buyer’s protection mechanism & strict quality management. You can also check the old prices of last 15 days on this page as well. The price shown is in U.S. As a result, the quantity of sugar produced was much higher than the national demand. About 19% of these are Multi-Function Packaging Machines, 2% are Grinding Equipment, and 10% are Filling Machines. The shortfall of up to one million tons could be eased if the buffer stock available with the Trading Corporation of Pakistan (TCP) is utilised. Sugar increased 1.45 Cents/LB or 11.04% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. width:auto; Prices will, of course, go up as producers go bankrupt, but that is a very slow process. Sugar prices on Monday settled moderately higher on the outlook for increased sugar consumption from Indonesia, Southeast Asia's largest economy. So, let us start with the steep hike in the per kilogramme sugar tariff during the last 73 years. Wheat Prices - 40 Year Historical Chart. The Sensitive Price Indicator (SPI) for the week ended on December 10 and recorded a decrease of 0.26 % over last week due to a fall in the prices of … The monthly sugar consumption in Pakistan is almost 433 million kilogrammes. The sugar price in the Pakistani retail market has crossed Rs100/kg mark, which thus means that tariff of this vital daily-use kitchen commodity has surge by 16,567 percent since 1947 when its price was resting at 60 paisa per kg. Today in 2020, sugarcane is grown on an area of more or less one million hectares in the country. } The stock has cost the TCP Rs18 per kg. There is an upward trend in sugar price in the international market but the almost double domestic rate is simply not justifiable. Unless otherwise stated, all content is Sugar Prices - 37 Year Historical Chart. According to the source, the price of sugar was stable at Rs 55 per kg until Nov/ Dec 2018 but “this was unacceptable to power that be”. .ads_between_content{ Sugar price had soared to Rs9 per kg during Gen Zia’s tenure lasting between 1977 and 1988, it had touched Rs10 per kg mark during Benazir Bhutto’s rule between 1988 and 1991, sugar price was Rs13 per kg during Nawaz Sharif’s first tenure between 1991 and 1994, it was resting at Rs21 per kg during Benazir’s second stint in power between 1994 and 1997, it remained static at Rs21 per kg during Nawaz Sharif’s second tenure between 1997 and 1999, surging to Rs30 per kg during the Gen Musharraf-led regime between 1999 and 2008, it was Rs75 per kg in October 2010, soaring to the highest-ever level of Rs101/kg in November 2010, it was Rs59/kg in March 2012, it was Rs53 per kg when Nawaz Sharif’s third stint in power had commenced in 2013, it was Rs55 per kg in December 2018 and it is well over Rs100 per kg currently. Get the latest NYMEX No. Products > arrow_back. Conversion Sugar Price Price; 1 Pound ≈ 0,453 Kilograms Sugar Price Per 1 Kilogram 0.33 USD 1 Pound = 16 Ounces float:right; Historically, Sugar reached an all time high of 65.20 in November of 1974. }. Thus export was allowed and price started moving up. 22 December 2020 Latest price of Sugar White in Lahore City is Rs. A senior government official told Pakistan Today that prices of sugar will further go down due to … 11 Sugar price (YO:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. margin:0px auto; height:auto; The long-grain rice fetches a higher price than non-Basmati rice in both wholesale and retail markets. Comments are moderated and generally will be posted if they are on-topic and not abusive. In addition to continuous charts, the collection includes thousands of single-contract historical price charts that cover individual contract months from years past. Research shows that between 1947 and 1951, during the reign of country’s first prime minister Nawabzada Liaquat Ali Khan, the sugar price in retail market was just 60 paisa per kg. A strenuous archival research conducted by the Jang Group and Geo Television Network reveals that in 1947, or at the time of Independence, there were only two sugar mills in Pakistan; one in Punjab, the other in NWFP now Khyber Pakhtunkhwa. The area under sugarcane cultivation at that time was estimated at 200,000 hectares. Interactive chart of historical daily sugar prices … These figures hence signify a whopping average annual increase of 226.945 percent in per kg sugar tariff since 1947! Pakistan is among the 10 largest exporters of rice in the world. Here follows the history of per tola gold prices with respective years under review in brackets: Rs85 (1952), Rs91 (1953), Rs97 (1954), Rs103 (1955), Rs107 (1956), Rs111 (1957), Rs114 (1958), Rs133 (1959), Rs131 (1960), Rs135 (1961 and 1962), Rs 124 (1963), Rs123 (1965), Rs134 (1966), Rs138 (1968), Rs176 (1969), Rs177 (1971), Rs246 (1972), Rs432 (1973), Rs714 (1975), Rs597 (1977), Rs714 (1978), Rs1,230 (1979), Rs2,250 (1980), Rs2,123 (1985), Rs2,478 (1986), Rs3,478 (1988), Rs 3,705 (1991), Rs5,500 (1996), Rs 6,150 (1998), Rs7,200 (2002), Rs10, 600 (2005), Rs23,500 (2008), Rs29,500 (2009), Rs38,500 (2010), Rs45,800 to Rs54,700 (2011), Rs47,000 to Rs50, 200 (2014), Rs56,200 (2017), Rs56,200 to Rs68,000 (2018), Rs70, 700 (2019) and Rs122,800 (August 2020). Find reliable manufacturers & suppliers of Sugar from Pakistan at TradeKey.com.pk. And now in August 2020, per tola price of gold is resting at Rs122,800, which signifies 215,338 percent increase. keyboard_arrow_down. 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