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KARACHI, April 1: The Pakistan Sugar Mills Association does not expect any price flare-up in sugar after flotation of export tenders because there is a hefty surplus stock of about 0.9 million tons in the current season.
Responding to a news item published in EBR on Thursday, which suggested that sugar export may lead to price escalation in domestic market, the PSMA contends that there is enough stocks to ensure a steady supply in the market.
A Pakistan Sugar Mills Association press release points out that every sugar exporting country, which includes the US, the EU, Cuba and Brazil, provides support to the sugar export and Pakistan cannot be an exception.
