IMRAN ALI KUNDI ISLAMABAD - Keeping in view the decreasing trend of sugar prices in open market, the government on Tuesday decided to reduce the commodity price by Rs 5 per kg at Utility Stores Corporation (USC) outlets with immediate effect. Federal Minister for Industries and Production Mir Hazar Khan Bijarani has directed the USC to reduce the sugar price by Rs 5 per kg at USC. The commodity price decreases to Rs 60 from earlier Rs 65 per kg. It might be mentioned here that the government took this decision according to the agreement settled in the ministerial committee of Economic Coordination Committee (ECC) of the Cabinet. The Ministerial Committee on Sugar headed by Minister for Industries and Production Mir Hazar Khan Bijarani in July 2010 had agreed that price difference would be not more than Rs 10 per kg at USC outlets from the average market price prevailing in Islamabad, Lahore, and Karachi. Keeping this decision in view, the government is had decreased the price of the commodity by Rs 5 per kg at USC. According to the statement, the sugar price is around Rs 70 per kg in the open market. Meanwhile, the crushing season of sugarcane has also started in the country, which increased the domestic sugar stock and it would further improve in the coming days. The Trading Corporation of Pakistan (TCP) had more than 0.35 million tons of sugar and provinces are lifting the commodity according to their own requirement. The sugar crisis was started in November when the provinces had failed to lift the commodity from TCP, which took the prices to the record level of Rs 130 per kg in different parts of the country. However, later in the meeting of Council of Common Interest (CCI), the government directed the provincial governments to lift the commodity from TCP and make sure to reduce its price.