Advisory Board Recommends Exporting 100,000 MT of Surplus Sugar

Minister for Industries and Production Rana Tanveer Hussain on Wednesday chaired a meeting of the Sugar Advisory Board (SAB) which recommended exporting 100,000 metric tons of surplus sugar. The meeting was attended by Federal Minister for Commerce Jam Kamal Khan, Secretary Industries and Production, representatives from provinces, representatives from Pakistan Sugar Mills Association, Provincial Cane Commissioners, FBR officials, and growers. A summary was sent to the Economic Coordination Committee (ECC) of the Federal Cabinet for consideration. The final approval for sugar export will be given by the Economic Coordination Committee. During the meeting, the availability of sugar stocks and prices in the country were reviewed in detail. The minister highlighted that there is surplus sugar in the country adding that no hike in the ex-mill price of sugar will be accepted because of export. Pakistan Sugar Association will ensure the maintenance of the ex-mills price of sugar as agreed earlier. The minister said that sugar exports will be carried out following the terms and conditions set by the cabinet.