Government Approves Limited Sugar Export for Market Stability
Conditional Approval for Sugar Exports
ISLAMABAD: The federal government has given “conditional” approval for the export of 150,000 metric tonnes of sugar, as decided by the Sugar Advisory Board (SAB) on Monday, according to an official statement.
The decision was made during a SAB meeting chaired by Federal Minister for Industries and Production Rana Tanveer Hussain in Islamabad earlier today.
The meeting included the federal secretary for industries and production, representatives from the Pakistan Sugar Mills Association (PSMA), Kissan Ittehad, and federal and provincial officials.
The agenda of the meeting focused on reviewing sugar stock availability, current market prices, sugarcane rates, global sugar prices, and industry production costs.
The Board has conditionally approved the export of 150,000 metric tonnes of sugar, ensuring adequate local stocks for smooth supply and stable prices.
An agreement was reached with the PSMA to maintain stable prices and ensure smooth local supply.
The federal minister emphasized that ex-mill sugar prices would not increase, and pending payments to farmers would be prioritized by the PSMA.
The SAB will review sugar prices and market stability again in a fortnight, and future exports will depend on price stability and stock availability.