PESHAWAR, Feb 21: The sugar price is registering a downward trend in the retail market and has decline by Rs3 per kilogram. “The price of sugar has decline to Rs39 per kg as stability is coming in the commodity market,” said Mohammad Amjad, a retailer at New Rampura Gate.

He said the supply of sugar in the market had increased.

He attributed the drop in the retail price to the stability in the price of the commodity in the wholesale market.

He said that a 50kg bag of sugar, once available at more than Rs2,000, was now being sold at Rs1,850 to Rs1,860, hence registering a decline of around Rs150 in the wholesale market.

The increase in sugar price over the past two months has also led to increase in prices of tea, qehwa and sweets.

Meanwhile, the Kissan Board Pakistan, in its general council meeting, welcomed the federal government’s decision to withdraw the 15 per cent regulatory duty on export of gur.

The meeting also called upon growers to boycott Danish products in protest against publication of blasphemous cartoons in the country.