There has been a drop in worldwide sugar prices and so Pakistan sugar industry is putting pressure on the government to restore export grants. The country is preparing to harvest record breaking sugar crop of 8 million tons but if revenues from exports are not given, the domestic sugar mills will not be able to pay farmers. PM Shahid Khaqan Abbasi had a meeting with Ministry of Commerce and Sugar Advisory Board and told them to find solutions to “the issues and problems” affecting sugar production in Pakistan. Last year Pakistan produced seven million tons of sugar and this year expected crop production will be 8 million tons. As per a dealer “Pakistan has no choice but to export surplus sugar.”
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It is ironical that Pakistan will be producing record sugar of 8 million tons but export issues are hindering in making use of the sugar production.