Water And Indian Sugar in Pakistan
By Aamna Waheed
Water and Indian sugar, both are making its way in Pakistan. According to news sources, India may export 320,000 tonnes of Sugar to Pakistan. Where moonsoons rains affected Pakistan’s economy, it is also benefiting India from the Deal.
Our team at Pakistanacca already believe that sugar prices may range in between Rs. 100-120 in retail market. Though we are still working on our statistics but the basis of our research is the recent flood which gaps 120,000 tonnes of sugar between supply and demand.
On the other hand, Russia and China, a large exporter of food items also banned food export. Russian wheat will be banned on 15ht of August and with the coming month of Ramadan and with our uncanny habit of increasing food prices in the holy month might put the food items out of our reach.
No matter how much we dislike the Indian sugar but in the absence of any import from the neighbors might made it hard for the economist to control the inflation. The news on the street is that the sugar – 250,000 tonnes from Agrocorp and 70,000 tonnes from Sucden – will originate from India,” said a Karachi-based trader, familiar with the tendering process, who declined to be identified.
Commodity prices are already increasing in international exchanges. I’m not an expert to give an informed decision – But if it continues then you can only profit from investing in food items – Which I believe that investors are already doing, making it more worse for the end user!
What are your opinion on the coming inflation – Another flood for Pakistan?