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Sugar export up to 500,000mt allowed

Sugar export up to 500,000mt allowed

LAHORE: The government has allowed mills to export 500,000 metric ton sugar to ensure payment to sugarcane growers.

The mills will export 250,000 metric ton sugar by October 31 and pay Rs1.7 billion to sugarcane growers, said a spokesman for the Pakistan Sugar Mills Association. He said sugar mills owners had requested the government that they had failed to pay Rs1.7 billion to sugarcane growers due to financial constraints. The government has also promised subsidy of Rs1 per kg sugar on 500,000 metric ton exports, he added.

The ministry of trade and commerce after reviewing the request, allowed sugar mills to export 500,000 metric ton sugar out of which, 250,000 metric ton sugar will be exported by October 31 whereas the remaining 250,000 metric ton after November 1.