ISLAMABAD: Ministry of Commerce and Industries ruled out shortage of sugar despite plans to import commodity from Brazil. Clarification comes after sources claimed that Pakistan is seeking to import sugar from Brazil. Sources within Ministry said Pakistan has sufficient stock of sugar more than 2 million metric tonnes, which is sufficient for country's use until December.

Sugarcane crushing season in Pakistan will start in November. "Even in November Pakistan will have 1 million metric tonnes of sugar stock", sources quoted. Sources further said that Pakistan is mulling to import sugar from Brazil to stabilise price of commodity in local market. Decision to import sugar from Brazil will be only finalised after approval from ECC.

Earlier it emerged that Trading Corporation of Pakistan has decided to import 100,000 metric tonnes of sugar, priced at Rs 220 per kilogram. In Karachi there has been record surge of Rs 18 per kilogram in sugar prices in single day which pushed price of sugar at Rs 180 per kilogram.

Published in The Daily National Courier, September, 01 2023

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