Sugar Semi-Annual Report 2018, Pakistan

Refined sugar production is forecast at 6.5 million metric tons for marketing year 2018/19 (MY Oct/Sept), down 12 percent from the current year’s estimate of 7.4 million metric tons (MMT) 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 continues to grow modestly in MY 2018/19 and is projected at 5.5 MMT, 4 percent higher than...