SAB approves conditional export of 150,000 metric tons of sugar

News Image

MG News | June 11, 2024 at 10:57 AM GMT+05:00

0:00

June 11, 2024 (MLN): The Sugar Advisory Board (SAB), in its meeting held yesterday, discussed and reviewed the availability of sugar stocks and conditionally approved the export of 150,000 metric tons of sugar.

The meeting, chaired by Federal Minister for Industries and Production Rana Tanveer Hussain, further reviewed current market prices, sugarcane rates, present global market sugar prices, and industry production costs.

The agenda of the meeting was to discuss and review the sugar stock availability, current market prices, sugarcane rates, present global market sugar prices, and industry production cost.

It was agreed to maintain sufficient local stocks to ensure the smooth supply of the commodity in local markets at a sustainable price.

In this regard, an agreement was reached between the government and the Pakistan Sugar Mills Association to ensure a smooth supply and stable price of Sugar in the local market.

The Federal Minister said that the Ex-mills sugar price will not be increased under any circumstances while all the pending payments to farmers will be cleared on a priority basis by PSMA.

He said that the Sugar Advisory Board will again review the sugar prices and market stability in a fortnight. Rana Tanveer said that in future, the export of sugar will depend on price stability and stock availability in the country.

The meeting was also attended by the Federal Secretary for Industries and Production and other stakeholders including Pakistan Sugar Mills Associations (PSMA), Kissan Itihad and Federal & Provincial representatives.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
166.66M
0.32%
447.43
ALLSHR 85,833.49
417.73M
0.31%
262.05
KSE30 42,254.84
81.51M
0.43%
180.24
KMI30 194,109.59
83.79M
0.15%
281.36
KMIALLSHR 56,713.67
215.25M
0.03%
16.37
BKTi 37,911.19
13.00M
1.84%
683.47
OGTi 27,443.93
3.89M
-0.07%
-20.40
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,215.00 119,440.00
118,260.00
920.00
0.78%
BRENT CRUDE 72.05 73.17
72.00
-0.46
-0.63%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.74 69.79
68.71
-0.47
-0.68%
SUGAR #11 WORLD 16.46 16.58
16.44
-0.13
-0.78%

Chart of the Day


Latest News
July 30, 2025 at 03:15 PM GMT+05:00

SBP keeps policy rate unchanged at 11%


July 30, 2025 at 03:09 PM GMT+05:00

LSE Capital exits Ensmile Limited


July 30, 2025 at 03:06 PM GMT+05:00

PMYP, PILDAT sign landmark LOI to strengthen youth


July 30, 2025 at 03:02 PM GMT+05:00

PHDL issues clarification on winding-up process


July 30, 2025 at 02:34 PM GMT+05:00

VIS reaffirms entity ratings of NCL



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg