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Pakistan OKs import of 500,000 tn white sugar from India, says source

Informist, Wednesday, Mar 31, 2021

 

By Preeti Bhagat

 

NEW DELHI – Pakistan today allowed the import of 500,000 tn of white sugar from India, said Tayyab Balagamwala, director of Grains and Sugar Seatrade Group of Pakistan.

 

Imports will be carried out till June, as the new sugar season in Pakistan starts from June when raw sugar starts being produced.

 

"It does give an opportunity to us to export sugar to Pakistan. It is not going to have a massive impact because we are already doing about 6 mln tn… We will have to see what prices Pakistanis offer," Indian Sugar Mills Association Director General Abinash Verma said.

 

For the current season, the Centre is providing mills assistance of 6 rupees per kg to help them export 6 mln tn of sugar. So far this season, mills have signed deals to export 4.5 mln tn of the sweetener.

 

Earlier today, Pakistan's Economic Coordination Committee of the Cabinet met to discuss a proposal to allow imports of sugar and cotton from India.

 

Pakistan had suspended trade ties with India after New Delhi revoked special status for Jammu & Kashmir in 2019.  End

 

Edited by Avishek Dutta

 

Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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