sugar prices drop to rs 49.80 in sind

KARACHI: Wholesale market rates for sugar dropped to less than Rs 50 per kg following the resumption of sugar cane crushing by sugar mills in Sindh.Within two days, the rate dropped by Rs 1.70 to Rs 49.80 per kg in Karachi Whole Sale Market.According to dealers, the resumption of sugar cane crushing by the mills stabilised the supply to the market with an immediate effect on price as well.Industry experts said that the quality of sugar cane is excellent in Sindh and approximately 100 kg of sugar cane can produce 11 kg of sugar.