Pakistan: Pakistan Sugar Update

The Government of Pakistan has approved a sugar export subsidy of $124 per metric ton to cover exports of up to 500,000 metric tons through March 31, 2016. Pakistan’s domestic sugar market is protected by a 40 percent tariff and domestic prices are well above international prices. The subsidy is designed to reduce stocks, improve cash flow for sugar mills, and facilitate payments from mills to farmers. Actual exports are expected to near or reach 500,000 metric tons bringing the total cost of the subsidies to $60 million.

Pakistan: Pakistan Sugar Update