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Commodity News
Apr 27 2007 10:04AM
PSMA resists sugar import from India

Lahore, Apr 27 - Pakistan Sugar Mills Association [PSMA] has opposed any attempt of Indian sugar industry to dump its unhygienic surplus sugar into Pakistan.A spokesman of PSMA said reports were appearing in media that India had started offering 300,000 tonnes of sugar to Pakistan. The Indian sugar industry was making that offer due to their governments announcement to offer US$ 35 per tonne as export subsidy on sugar to mills, he added. The PSMA spokesman said any such effort to dump Indian sugar would prove fatal for the local industry as well as sugarcane farmers.He stated that according to Indian industrys estimates, Pakistan sugar industry had produced 3.6 million tonnes sugar this year against the consumption of 3.9 million tonnes. The spokesman said the Indian industry ignored the fact that another stock of 600,000 tonnes of sugar was lying with the Trading Corporation of Pakistan. Therefore, he said, the country already had a surplus of 300,000 tonnes sugar.The spokesman maintained that import of sugar would be a blunder as in the next crushing there were estimates of surplus production in the country to the level of 400,000 to 500,000 tonnes.

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