Sunday, October 2, 2022

Pakistan becomes sugar surplus after increasing production by 2 million tonnes: Tarin

According to Shaukat Tarin, Federal Minister for Finance and Revenue, sugar production is expected to increase by 2 million tonnes this year, compared to the output of 7.5 million tonnes reported last year.

In a tweet, the federal minister stated that as a result, Pakistan had returned to being a sugar surplus country after years of being a deficit country.

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He stated that the ex-mill sugar prices are currently about Rs 81 per kilogram, which is a significant decrease from the previous year.

“It is expected that sugar production will increase by 2 million tonnes from last year to 7.5 million tonnes this year. As a result, Pakistan has returned to being a sugar surplus country after years of being a sugar deficit country. “Ex-mill sugar costs are currently about Rs 81/kg, which is significantly lower than they were last year,” he tweeted.

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