Sugar prices have started rising in markets ahead of the holy month of Ramadan, raising concerns among consumers and retailers. Traders say increased demand during the festive period, combined with limited supply, is pushing prices upward.
According to market participants, informal syndicates are allegedly playing a role by controlling supply flows and influencing wholesale prices. Traders claim that stocks are being released selectively, creating artificial shortages and driving prices higher.
Retailers report that wholesale sugar prices have increased steadily over the past few weeks, with the impact already being felt at the consumer level. Many fear further price hikes as Ramadan approaches, when sugar consumption traditionally increases due to higher demand for sweets and beverages.
Industry insiders are urging authorities to strengthen market monitoring, ensure smooth supply, and take action against any anti-competitive practices. They emphasize that adequate sugar stocks are available and that price stability depends on fair distribution.
