Govt allows 200,000 tonnes more sugar export
The government has authorized the export of an additional 200,000 tonnes of sugar to manage surplus stocks, despite concerns over potential domestic price hikes. This decision follows a previous export approval that led to significant price increases last year.
Why it matters
The move reflects the tension between managing agricultural surpluses and maintaining food affordability, amid scrutiny regarding the influence of economic elites on policy.
--> Home Business Govt allows 200,000 tonnes more sugar export Second export decision in three weeks as past exports pushed prices to Rs220; IMF ignored
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> PRICE RELIEF: Sugar prices are now 18% lower than a year ago due to better production this year, with the commodity selling at an average price of Rs148 per kg. Millers have been trying to convince the government to allow exports to jack up local prices. PHOTO:FILE ISLAMABAD: The government has decided to allow the export of 200,000 metric tonnes more sugar, despite last year's similar decision escalating prices to Rs220 per kilogram and an International Monetary Fund (IMF) report exposing the "intertwined relationship between economic elites and state regulators" in the sector.
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