ISLAMABAD: The Commerce Ministry has reportedly decided to oppose export of sugar as any such decision will inflate prices in the domestic markek.
On May 25, 2022, India imposed a ban on export of sugar from June 1, 2022 despite bumper crop.
This is first time in the history of Pakistan when sugar production is documented due to implementation of Track and Trace System introduced by the Federal Board of Revenue and total production is estimated at 8.1 million metric tons.
Now, sugar sales are also being documented under the same system. Each bag from the sugar mill to the market is traceable and documented. Thus, out-of-book production and sale of sugar is now almost out of question.
Sugar consumption pattern will emerge after the whole year of intake by the market which will be complete by the end of October when a new crushing season will commence