Islamabad: The caretaker government of Pakistan has postponed a decision on whether to export 250,000 metric tonnes of surplus sugar and has requested detailed information on available sugar stocks from sugar mill owners. The decision has been delayed until Thursday, November 23, to allow time for the government to review the stock data and make an informed decision, reported Ary News.
The Pakistan Sugar Mills Association (PSMA) had requested permission to export the surplus sugar, claiming that the country has 1.13 million metric tonnes of sugar in stock, while the annual requirement is around 0.7 million metric tonnes. However, the government is concerned about the potential impact of exports on domestic sugar prices, which have previously surged following sugar export approvals.
The government’s decision on sugar exports will be closely watched by sugar mill owners, domestic sugar consumers, and the international sugar market.
