Sugar mills seek 800,000-tonne export clearance amid losses

The PSMA North Zone says a 1.3 million-tonne surplus and price falls of up to 25% left mills struggling, and wants total exports raised to at least one million tonnes.

Pakistan’s sugar industry reports Rs98 billion in losses with a surplus of about 1.3 million tonnes.

Domestic sugar prices have fallen by as much as 25% over the past year, the PSMA North Zone says.

At least 12 mills have shut; the association seeks export clearance for an extra 800,000 tonnes.

The government has already approved 200,000 tonnes; mills want total surplus exports of at least one million tonnes.

PSMA also calls for full deregulation so market forces set prices and commercial decisions.

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Zaviya News