7 September, 2012
Source :International The News
The association has strongly suggested that the government must allow the export of 500,000 tons of sugar before commencement of next sugar cane crushing season.
LAHORE (Commodity Online): Sugar industry stakeholders in Pakistan have urged the government to permit the export of sugar in upcoming sugar cane crushing season to protect the interest of sugar cane growers of Pakistan.
Javeed Kiyani, the Chairman of Pakistan Sugar Mills Association (PSMA) has written to prime minister Raja Pervaiz Ashraf for his intervention to export surplus sugar stocks from the country.
Earlier, the federal government of Pakistan had allowed the sugar millers to export 300,000 tons of sugar in a given time frame during the last crushing season.
However, the government delayed to implement the permission granted. As a result of the delay and fall in the international sugar prices, exports to the tune of 150,000 tons could only be carried out.
According to PSMA, granting permission for sugar exports would not affect the local market and instead it would earn valuable foreign exchange for the
country.
The PSMA cautioned that the provincial governments in Pakistan are in the process of announcing sugar cane support price for the next crushing season; the increase will further impact the cost of producing sugar in a surplus year.
The organisation envisages a production of about five million tons of sugar, which is likely to surpass all previous production figures. And Pakistan would have excess of 1.2 million tons of sugar within two three months.
The association has strongly suggested that the government must allow the export of 500,000 tons of sugar before commencement of next sugar cane crushing season.
Source :International The News
The association has strongly suggested that the government must allow the export of 500,000 tons of sugar before commencement of next sugar cane crushing season.
LAHORE (Commodity Online): Sugar industry stakeholders in Pakistan have urged the government to permit the export of sugar in upcoming sugar cane crushing season to protect the interest of sugar cane growers of Pakistan.
Javeed Kiyani, the Chairman of Pakistan Sugar Mills Association (PSMA) has written to prime minister Raja Pervaiz Ashraf for his intervention to export surplus sugar stocks from the country.
Earlier, the federal government of Pakistan had allowed the sugar millers to export 300,000 tons of sugar in a given time frame during the last crushing season.
However, the government delayed to implement the permission granted. As a result of the delay and fall in the international sugar prices, exports to the tune of 150,000 tons could only be carried out.
According to PSMA, granting permission for sugar exports would not affect the local market and instead it would earn valuable foreign exchange for the
country.
The PSMA cautioned that the provincial governments in Pakistan are in the process of announcing sugar cane support price for the next crushing season; the increase will further impact the cost of producing sugar in a surplus year.
The organisation envisages a production of about five million tons of sugar, which is likely to surpass all previous production figures. And Pakistan would have excess of 1.2 million tons of sugar within two three months.
The association has strongly suggested that the government must allow the export of 500,000 tons of sugar before commencement of next sugar cane crushing season.
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