Pakistan : PSMA rejects 0.2m tonnes sugar export decision
Pakistan’s sugar industry has rejected the government’s approval to export 200,000 tonnes, citing domestic stock of 2.6 million tonnes and upcoming production above 8 million tonnes. PSMA urged immediate approval for at least one million tonnes of exports to protect industry and farmers.
LAHORE: The Pakistan Sugar Mills Association has said that all members of the sugar industry who participated in the Sugar Advisory Board meeting held on Monday have rejected the federal government’s decision to allow the export of 0.2 million tonnes of sugar.
Members expressed concern that the Ministry of National Food Security has completely rejected the data provided by the sugar mills and failed to hear their point of view.Rejecting the government’s decision to export 200,000 metric tonnes of sugar, members of the sugar mills stated that the country holds a sugar stock exceeding approximately 2.6 million metric tonnes through August 31, 2026. Members pointed out that the average monthly sugar consumption is 560,096 metric tonnes, while approximately 1.4 million metric tonnes of sugar will be required to meet domestic needs for the remaining two and a half months (ie, until November 15, 2026).
Thus, at the start of the upcoming 2026-27 crushing season, the country will have a sugar surplus of approximately 1.25 million metric tonnes, with an estimated export value of $600 million to $700 million based on current international market rates. Furthermore, another record sugarcane crop is expected during the 2026-27 crushing season, with sugar production projected to exceed 8 million tonnes.
All participants were of the opinion that the export quota allocated by the government is insufficient. The government should immediately allow the export of at least one million metric tonnes of sugar to save farmers and the sugar industry from ruin.
This government decision will not only adversely affect sugarcane growers and the industry but will also deprive the country of substantial foreign exchange earnings, the association said.The members said that the government shut down FBR portals to facilitate the sale of government-imported sugar, which drove up prices, and that these portals reopened only after the price of sugar decreased.The members also demanded complete deregulation of the sugar industry, similar to the sugarcane sector.
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Source : International The News
