Pakistan: Sugar Semi-annual
Link to report:
Pakistan’s marketing year 2019/20 (MY Oct/Sept) refined sugar production is forecast at 5.2 million metric tons (MMT), down five percent from the current year’s revised estimate due to a decrease in planting area. During 2018/19, sugar exports are estimated at 600,000 metric tons, while consumption will continue to grow modestly in MY 2019/20 and is projected 4 percent higher than last year. Since the start of MY 2019/20, sugar prices in the local markets have risen due to inflationary pressures in the economy. Sugar prices in August 2019 rose 36 percent compared to the same period last year. Pakistan’s sugar market is insulated from international competition due to a 40 percent tariff levied on imports.
