Tridge summary
Pakistan's government has delayed its decision on sugar exports due to concerns over domestic price stability and past issues of shortages and price hikes. The Sugar Advisory Board, which includes representatives from the sugar industry, recommended allowing exports due to Pakistan's surplus sugar supply. However, the government wants to ensure local demand is met before considering exports to build foreign exchange reserves.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Pakistan has decided to postpone the decision on sugar exports. This is reported by chinimandi. The Sugar Advisory Board (SAB), which includes representatives of the federal and provincial governments, as well as the sugar industry, met on Wednesday under the chairmanship of Federal Minister of Industry and Production Rana Tanveer Hussain. The event was also attended by Federal Minister for Commerce Jam Kamal Khan and other stakeholders, including the Pakistan Sugar Manufacturers Association (PSMA), Kisan Ittehad and provincial representatives. During the meeting, the participants reviewed available sugar stocks, current market prices, sugarcane rates, world sugar prices and industry production costs. Minister Rana Tanveer Hussain emphasized that the government will make a decision on sugar exports after consultation with all relevant agencies, stressing that protecting domestic consumers is the government’s primary responsibility. He also noted that if sugar exports are allowed, ...
Source: UkrAgroConsult
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