Pakistan to export 1 million metric ton of surplus sugar.

[BHarwana]

ECC head by finance minister Assad Umer has approved the export order and this is a huge news for world sugar market. Sugar stocks in Indian markets will take a hit on this step of Pakistan.

https://twitter.com/x/status/1047461066995900416

https://twitter.com/x/status/1047145392771600385

https://twitter.com/x/status/1047124036856229888

This will bring Pakistan as one of the world's leading food exporter.

Good step by govt.

 

[Umair Nawaz]

so what now a tiny populated australia of mere 20 million will do?

 

[Goenitz]

now they need govt subsidy to be competitive in int market....... sugar mafia... they have surplus sugar always, make farmers wait to take their sugarcane on cheaper price.... make extra, release less for inflation and then export on govt subsidy..

 

[BHarwana]

Good move by govt and this will boost our agri export sector greatly.

@Indus Pakistan
Farmers are also happy they will get payments fast and price of Pakistani sugar is cheap than the world.

 

[AZ1]

Good move by govt and this will boost our agri export sector greatly.

@Indus Pakistan
Farmers are also happy they will get payments fast and price of Pakistani sugar is cheap than the world.

Any approx number how much it will bring $?

 

[BHarwana]

Any approx number how much it will bring $?

November sugar price is $410 to $490 per ton as it is a shortage month.

 

[RangeMaster]

Any approx number how much it will bring $?

340 million$ approx acc to recent price

 

[BATMAN]

Who owned this sugar besides Asif Ali Zardari?

 

[Indus Pakistan]

Good move by govt and this will boost our agri export sector greatly.

Not sure about this. Does Pakistan make profit on sugar exports or is case of subsidy mafia again at work?

 

[khansaheeb]

ECC head by finance minister Assad Umer has approved the export order and this is a huge news for world sugar market. Sugar stocks in Indian markets will take a hit on this step of Pakistan.

https://twitter.com/x/status/1047461066995900416

https://twitter.com/x/status/1047145392771600385

https://twitter.com/x/status/1047124036856229888

This will bring Pakistan as one of the world's leading food exporter.

Good step by govt.

How will it affect local prices? Not sure what they are playing at but it seems PTI aren't going to last long. If inflation rises the people who voted for them are going to get p!ssed off and there is going to be a real spring uprising if things don't change.

Crime and economy are related:-

https://www.dawn.com/news/1436367/every-8th-person-executed-in-the-world-is-pakistani-report

 

[BATMAN]

ECC head by finance minister Assad Umer has approved the export order and this is a huge news for world sugar market. Sugar stocks in Indian markets will take a hit on this step of Pakistan.

https://twitter.com/x/status/1047461066995900416

https://twitter.com/x/status/1047145392771600385

https://twitter.com/x/status/1047124036856229888

This will bring Pakistan as one of the world's leading food exporter.

Good step by govt.

Why is Engineer Khaqan Abbasi heading the ECC meeting?

 

[newb3e]

Zardari will export sugar worth 200 mil @ 20 billion and wash his dirty money! good move govt!

 

[BHarwana]

Not sure about this. Does Pakistan make profit on sugar exports or is case of subsidy mafia again at work?

No subsidy has been given this time it is on market value this the last months before news sugar starts kicking in. Sugar cane harvests are about to start soon. Plus New rice is also going to hit the market.

 

[Major Sam]

Who owned this sugar besides Asif Ali Zardari?

Zardaris, tareens, and shareefs

 

[Indus Pakistan]

No subsidy has been given this time it is on market value this the last months before news sugar starts kicking in. Sugar cane harvests are about to start soon. Plus New rice is also going to hit the market.

Okay so this sugar has recieved no government subsidy - through any inputs etc?