Punjab Sugar Mills Probe Sparks Fresh Concern Over Market Manipulation
The Punjab sugar mills probe has raised fresh concern among farmers and consumers. Authorities launched the investigation after receiving complaints about unusual delays in sugarcane crushing. The sector has faced repeated criticism for alleged manipulation. However, the new findings appear more serious.
Officials reported that ten mills agreed to delay crushing and set a fixed cane price. This arrangement harmed farmers, who depend on timely payments. In addition, it risked creating artificial shortages for consumers. As a result, the situation attracted immediate action.
The Competition Commission stated that the mills decided on a uniform cane price of Rs400 per maund. Several farmers expected better rates due to rising costs. Therefore, the alleged agreement triggered frustration across farming communities.
Secret Meeting Uncovered
Investigators uncovered details of a reported meeting held at Fatima Sugar Mills. Rana Jameel Ahmed Shahid, the Resident Director, chaired the gathering. Representatives from several other mills joined in person and online. During the discussion, participants reportedly agreed to begin crushing on November 28.
Officials said this meeting violated the Competition Act. They stressed that any attempt to control the market goes against fairtrade principles. The Commission issued show cause notices to all involved mills. Each mill must now submit a written response within fourteen days.
Such delays in crushing could cause major supply issues. For example, late crushing often slows sugar production. As a result, market prices can rise sharply. Consumers then face higher costs for a basic household item. These risks pushed authorities to respond quickly.
The mills facing action include Fatima Sugar Mills, Sheikho Sugar Mills, Thal Industries Corporation, Tandlianwala Sugar Mills (Rehman Hajara Unit), JK One Sugar Mills, Ashraf Sugar Mills, Kashmir Sugar Mills, Siraj Sugar Mills, Two Star Sugar Mills and Haq Bahoo Sugar Mills.
Farmers hope the inquiry brings fairness back to the market. In addition, many urge authorities to keep monitoring the sector. Transparent practices can protect both growers and buyers. The investigation now moves into its next phase.
