BEIJING, July 28: China, which itself is short of sugar this year, is expected to export an additional 280,000 tons of white sugar to Pakistan under tolling arrangements, traders said on Thursday.
“Domestic sugar plants have agreed to process and export 300,000 tons of white sugar to Pakistan this year,” said one trader in the southern region of Guangxi, the country’s top sugar producing area. The trader did not give any price details.
Pakistan has been importing from international markets since January to check runaway domestic prices. Private traders had finalized deals to buy nearly one million tons of sugar, including 684,000 tons of refined sugar, since January.—Reuters
