Pakistan: Sugar Annual
Pakistan’s sugar stocks are on the rise as several years of robust production have boosted stocks of sugar. In an effort to move stocks out of the country, the government announced a $100 per metric ton export subsidy and imposed a 25 percent tariff on imports. 2014/15 sugar exports are expected to double to 600,000 metric tons and, while the future of the subsidy beyond June 15, 2015, is uncertain, exports are forecast at 700,000 metric tons in 2015/16 given the expectation of continued exportable supplies. Pakistan’s marketing year (MY) 2015/16 sugar production is forecast at 5. 4 million tons, up slightly from the revised 2014/15 estimate. Sugarcane area and production are largely unchanged over the past few years despite increases in the cane procurement price.
