Pakistan: Sugar mills miss export target
Pakistan Sugar Mills, which were approved to export 150,000 tonnes of sugar in June 2024, missed the deadline. The mills are now seeking additional export quotas. Currently, 35,000 tonnes are stuck at the Pak-Afghan border due to the missed deadline, incurring storage costs. The mills have requested an extension and additional quotas, with recent approvals for 140,000 tonnes to Tajikistan and other markets.
Pakistan Sugar Mills, which received government approval in June 2024 to export 150,000 tonnes of sugar, have not yet met this target. The 45-day deadline for these exports has expired without the mills achieving the quota, reported International The News.
Although they have not exported the full 150,000 tonnes, the mills are now seeking permission for additional export quotas, according to a senior official from the Ministry of Industries and Production, who spoke to The News on Monday.
Imran Ahmad, Secretary General of the Pakistan Sugar Mills Association (PSMA), reported that 35,000 tonnes of sugar are currently stalled at the Pak-Afghan border due to the missed deadline. The mills are facing storage costs and have requested an extension to complete the exports, Ahmad stated during the meeting.
The mills have made repeated requests for additional export quotas in meetings with the Sugar Advisory Board (SBA). Last month, they were granted an extra 40,000 tonnes for export to Tajikistan, and in late August, the government approved an additional 100,000 tonnes.
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Source Link : https://www.chinimandi.com/pakistan-sugar-mills-miss-export-target/
