October raw sugar settled down 0.11 cents, or 0.9%, at 12.01 cents per lb, after peaking at 12.27 cents, the highest level for the front month since July 8.
October white sugar settled down $2.30, or 0.6%, at $362.90 a tonne.
October raw sugar fell 0.14 cents, or 1.2pc, to 11.98 cents per pound? by 1355 GMT after peaking at 12.27 cents, the highest level for the front month since July 8.
"In the July 22 meeting of the sugar advisory board, I recommended to the government to import at least 300,000 tonnes of sugar for open market intervention to control the price hike,"
Prime Minister Imran Khan on Monday told authorities to plan for sugar imports.
As per details, the government has directed the Federal Board of Revenue (FBR), Securities and Exchange Commission of Pakistan (SECP) and the Federal Investigation Agency (FIA) to begin the investigation on the basis of the Sugar Commission report.
He ordered to inspect electricity meters of the flour mills on daily basis so that it could be checked how much flour is being made from the wheat provided by govt.
