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.
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.