LAHORE, Sep 16 (APP):Pakistan Sugar Mills Association (PSMA) Chairman Zaka Ashraf said on Wednesday that there is currently a surplus sugar stock of 1.25 million tons in the country and the government should immediately grant permission for its exports. Addressing a press conference at a local hotel, he added, "Thanks to the grace of Allah Almighty and the hard work of the farmers, the sugarcane crop has been excellent this …
PSMA demands export of 1.25m ton sugar
LAHORE, Sep 16 (APP):Pakistan Sugar Mills Association (PSMA) Chairman Zaka Ashraf said on Wednesday that there is currently a surplus sugar stock of 1.25 million tons in the country and the government should immediately grant permission for its exports.
Addressing a press conference at a local hotel, he added, “Thanks to the grace of Allah Almighty and the hard work of the farmers, the sugarcane crop has been excellent this year, resulting in a significant increase in sugar production.
A surplus sugar production of 1.5 million tonnes is expected. If the 1.5 million tonnes of sugar stocks from the current and upcoming crushing seasons are combined, a substantial surplus will exist.
PSMA office-bearers stated that the sugarcane crop has been excellent due to the farmers’ hard work and favorable weather conditions, which will lead to an increase in sugar production.
They urged the government to immediately allow the export of one million tons of sugar to save farmers and the sugar industry from ruin. They called for the immediate issuance of an export order.
The members emphasized that the export of 200,000 tons is grossly insufficient; therefore, a decision should be made to export one million tons to alleviate the country’s foreign exchange shortage and protect both the sugar industry and the farmers from collapse.
