Deregulation of Sugar, Wheat Markets: FPCCI
LAHORE: The Standing Committee on Agriculture of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended that the government deregulate the sugar and wheat markets, advocating a free trade approach. This will enable price messages to reach stakeholders, encouraging investment, increasing competitiveness and reducing distortions in local supply. FPCCI Agriculture Committee Chairman Ahmad Jawad highlighted the government’s possible plan to scrap sugarcane indicative prices as part of a broader effort to deregulate the sugar sector. Jawad noted that since only Punjab and Sindh currently impose price caps, deregulation may push sugar sales to other provinces where prices
