Key stakeholders attended the Sugar Advisory Board (SAB) meeting, which was presided over by Federal Minister for Industries and Production Rana Tanveer Hussain. The attendees include Jam Kamal Khan, the federal minister of commerce, provincial delegates, representatives from Kissan Etihad, and Pakistan Sugar Mills Associates (PSMA).
The main agenda items included examining sugar stock availability, market pricing, sugarcane rates, worldwide market trends, and production costs.
The Sugar Advisory Board (SAB) Meeting reported that this year’s sugar production amounted to 6.8 million tons after the carryover stock of 0.7 million tons from the previous year. Mill sugar reserves are about 4.5 million tons, compared to an annual requirement of 6 million tons for refined sugar.
Rana Tanveer highlighted that any decision regarding sugar exports would be made in consultation with all relevant ministries. This ensured that domestic consumer production remained the government’s priority.
Pakistan Sugar Mills Association (PSMA) representatives underlined that 1.5 million tons of sugar are currently in surplus in Pakistan. Additionally, it is urged that this sugar be exported, which Minister Hussain emphasized in response to how crucial it is to put local demand first to avoid price hikes that might affect the people in general. He promised to keep the prices stable by carefully considering and conferring with the relevant departments before making any export decisions.
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