Pakistan: Sugar Semi-annual
Refined sugar production is forecast at 6.5 million metric tons (MMT) for marketing year 2018/19 (MY Oct/Sept), down 12 percent from the current year’s estimate of 7.4 million metric tons due to a projected 10 percent decrease in area. During 2017/18, record sugar exports of 1.8 MMT are estimated with a government supported export subsidy of $97 per metric ton in order to reduce sugar stocks. Consumption will continue to grow modestly in MY 2018/19 and is projected at 5.5 MMT, 4 percent higher than last year. Record sugar production in 2017/18 drove stocks to a record 3.1 MMT despite exports of 1.8 MMT.
