Cabinet Approves Export of 500,000 MT Surplus Sugar 

The federal cabinet Wednesday approved the export of 500,000 metric tonnes of sugar through a circulation summary.  Last week, the Economic Coordination Committee (ECC) of the Cabinet approved a summary submitted by the Ministry of Industries and Production for a further export of 500,000 metric tonnes of sugar in view of availability of sufficient surplus stocks even after catering for the proposed and ongoing exports, the requirement for remaining two months of the ongoing crushing year, as well as maintenance of strategic reserves.    The committee had approved the summary with the same terms and conditions as allowed by ECC in its decision on September 20, 2024, with the following modifications:    The ECC further directed that the Cabinet Committee on Monitoring Sugar Exports regularly monitor and update the cabinet on demand, supply and price situation of sugar in the country, including in the case of export of 0.500 MMT of sugar as well.