Punjab Zone PSMA sees no ban sugar export

LAHORE: Pakistan Sugar Mills Association (Punjab Zone) denied reports that the government has refused to allow sugar mills to export sugar exceeding its domestic requirement.

In a statement, the spokesman said that after contacting the officials of the Ministry of Industry and Production, it was revealed that they have not released any such news.The data submitted to the ministry has established that the country currently has 1.5 million tonnes of surplus sugar and the government should take a decision to export it soon.

In recent meetings with the Ministry of Industry and Production, data regarding sugar production and domestic requirements have been reconciled. Much progress was made on sugar exports. It is most likely that a positive decision on sugar exports will be taken in this week.

There are some vested interests behind creating a negative impression on sugar exports. The spokesman said that the news of not allowing the export of sugar is untrue and it is motivated by some unscrupulous elements consisting of speculators and hoarders to manipulate sugar prices. Strict action against them was taken in the past and again governmental follow-up action is needed to protect the rights of consumers.