Export of surplus sugar recommended

The Sugar Advisory Board on Wednesday recommended export of 100,000 tonnes of surplus sugar. The recommendation was made at a meeting of the board, presided over by Minister for Industries and Production Rana Tanveer Hussain. The meeting reviewed sugar stock and its prices in the country. Speaking on the occasion, Mr Tanveer said the country has surplus sugar and no increase in the ex-mill price of sugar will be accepted because of the export. He said the Pakistan Sugar Millls Association will ensure maintaining ex-mills price of the commodity as has been agreed earlier. He said a summary has been sent to the Economic Coordination Committee (ECC) of the federal cabinet for the export of 100,000 tonnes of sugar.