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Unformatted text preview: A man made crisis, which in fact is a monopoly to earn maximum profit during peak consumption. Withholding supplies and increasing prices for maximum profit has become a popular tactic. Previously during the wheat crisis reports of withholding stocks kept surfacing. The fact that the issue is not new puts the blame falls entirely on the incompetence of the Government. The lack of strategy to keep track of rising prices .The failure of the Government to tackle the delayed payments and hence less growth of sugar cane issue is to be blamed as well. Despite the clear lack of strategy, the authorities seem to be more interested in playing the blame game, instead of focusing on the problems. The Punjab Government was the first to react after government announced an increase sugar price, accusing the federal Government of not consulting the provincial Government on the matter. Also announcing that the provincial government is determined to sell sugar at Rs.40 in Punjab....
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This note was uploaded on 05/19/2010 for the course FINANCE 0111 taught by Professor Xuz during the Spring '10 term at Louisiana College.
- Spring '10