BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)
Markets

No shortage of sugar till next crushing season

ISLAMABAD : The ministry of Industries and Production here on Saturday said there was sufficient stock of sugar avai
Published September 17, 2011 Updated September 17, 2011 03:13pm

imaweaISLAMABAD: The ministry of Industries and Production here on Saturday said there was sufficient stock of sugar available in the country to cater to demand till start of next crushing season.

"After reviewing province-wise stocks of sugar available in the country, it can be safely said that the sugar stock is sufficient and no chance of any shortage till the next crushing season starts and there is no urgency to import sugar right now", said Aziz Ahmad Bilour, Federal Secretary Ministry of Industries while chairing a meeting of the Sugar Advisory Board, held here today.

Representatives of Ministry of Finance, Planning and Development Division, Trading Corporation of Pakistan (TCP), Punjab Industries Department, Khyber Pakhtunkhawa Agriculture Department, Kissan Advisory Board and Pakistan Society of Sugar Technologists attended the meeting.

The meeting was convened to ascertain the sugar stocks position and in particular to assess the sugar estimates for 2011-12 and forecast gaps so that timely measures may be taken to cater for any deficiency.

Punjab and KP informed the meeting that they will meet the sugar production estimates for the year 2011-12.

Sindh, which is severely affected by floods this year, apprehended that the production of sugar may fall below the pre-floods estimates as 30 percent of the cane cultivated area came under heavy rains and floods.

However, two reasons were put forward to support the fact that there will not be any major loss to the cane crop.

Firstly, the meeting was informed that this year sugarcane was cultivated on 20 per cent more area than it was in the previous year in Sindh.

Secondly, Pakistan Space and Upper Atmosphere Research Commission (Suparco) has estimated that, although a large area of land bearing sugarcane crop has come under floods, there is sufficient scientific evidence to believe that there will not be any major decrease in the production of sugarcane as this is a water-loving crop.

By consensus, the consumption of sugar was estimated at 25kg per person per year and it was decided that the next year consumption estimate of sugar will be made keeping in view this figure.

The representative of the Finance Ministry informed the meeting that if need arises the Ministry has allocated sufficient funds for TCP for the import of sugar.

Copyright APP (Associated Press of Pakistan), 2011

Comments

Comments are closed for this article.