The sugar crisis at Utility Stores Corporation (USC), a state-run chain of stores in Pakistan, has taken a turn for the worse in recent days. This situation has particularly affected the economically disadvantaged citizens who rely on these outlets for their subsidized provisions.
According to reliable sources, USC has received a tender offer of Rs. 130 per kilogram for sugar as part of its latest procurement attempt. The tender committee has initiated a process to acquire 25,000 metric tons of sugar. As of now, only JDW Sugar Mills Limited (PSX: JDWS) has responded to the tender, proposing to supply sugar at the rate of Rs. 130 per kilogram.
The tender committee is expected to review all bids in accordance with the rules set by the Public Procurement Regulatory Authority. It’s worth noting that an earlier offer of Rs. 122 per kilogram was rejected by Utility Stores due to unspecified technical reasons.
In the meantime, sugar prices have seen a significant increase both at retail and wholesale levels. Over the past three months, prices have surged by Rs. 40 per kilogram and Rs. 2,000 per 50 kilograms, contradicting government recommendations. This price hike has further exacerbated the crisis, making it even more difficult for the less fortunate to afford this essential commodity.
The ongoing sugar crisis at USC is a matter of grave concern, especially for those who depend on these state-run outlets for their daily needs. The authorities need to take immediate action to resolve this issue and ensure the availability of affordable sugar for all citizens.
