Pakistan: Sugar Annual
Sugar production is forecast at a record six million metric tons for 2017/18. Sugar has emerged as a favored crop among farmers who value the government established procurement price for sugarcane as prices for other commodities have declined. Pakistan’s high cane support price and high import tariff are leading to rising stocks of sugar. While the government has attempted to reduce stock levels with export subsidies in recent years, it has currently announced an export quota of 425,000 metric tons, but interest has been limited due to high domestic prices and the absence of an export subsidy. The quota is valid through May 31, but significant exports appear unlikely.
