Sugar Industry in Pakistan Faces Collapse, Cites Margin Squeeze
1 report, 1 independent
Updated Sep 23
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What happened
Zaka Ashraf, who represents sugar mill owners, stated that the sugar industry in Pakistan is on the verge of collapse. The industry is currently operating while buyers are paying prices higher than desired, even as margins are being squeezed.
From lhrtimes.com
Why it matters
The sugar industry relies on the crop cycle, impacting sugarcane growers, mill workers, transporters, and retailers. A genuine industry-wide collapse would affect numerous stakeholders dependent on the sector.
State policy in Pakistan is currently enabling the financial interests of a powerful sugar cartel.
From lhrtimes.com
Who's involved
- Zaka AshrafChairman of the Sugar Mills Association, representing the interests of the sugar industry.