PSMA urges govt again to allow surplus sugar exports
LAHORE: Pakistan Sugar Mills Association (PSMA) has written a third letter to Federal Minister for National Food Security and Research Rana Tanveer Hussain, requesting the government to immediately allow export of surplus sugar before the start of crushing season 2026-27. As per the contents of the letter, there are 3.171 million metric tons of sugar stocks in the country as of 31st July,…
The Pakistan Sugar Mills Association (PSMA) has once again urged the government to permit the export of surplus sugar before the beginning of the 2026-27 crushing season. The letter, signed by the association, highlights that there are currently 3.171 million metric tons of sugar stocks in the country as of July 31, 2026, after confirming the numbers with the Federal Bureau of Revenue (FBR) and the sugar industry.
With an average monthly consumption of 564,196 metric tons, the country will be left with a surplus stock of 1.197 million metric tons of sugar by the start of the new crushing season on November 15, 2026. The PSMA predicts a bumper sugarcane crop in the upcoming season, which will result in the production of 8 million metric tons of sugar, far exceeding domestic requirements.
The sugar industry is currently grappling with the challenge of maintaining large sugar stocks while demand remains very low. The current sugar prices are lower than production costs, and sugarcane prices are steadily increasing year after year. Due to unsold sugar stocks, the industry is facing a severe shortage of funds to repay bank loans and settle outstanding dues to farmers, according to the letter.
The PSMA has requested the government to grant permission to export 633,000 tonnes of surplus sugar immediately and authorize the export of the remaining 564,000 tonnes within a month of the start of the upcoming crushing season.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
