ext-align: justify;">ISLAMABAD, Nov 07 (APP):A meeting of the Sugar Advisory Board was held on Thursday to review the overall situation of sugar stocks across the country.
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ext-align: justify;">The meeting was chaired by Federal Minister for Industries and Production Rana Tanveer Hussain, and was also attended by Federal Minister for Commerce Jam Kamal Khan, said a news release.
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ext-align: justify;">The board reviewed the estimates for the sugarcane crop and the overall stock position of sugar for the upcoming crushing season.
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ext-align: justify;">The board expressed satisfaction with the current sugar prices in the local market.
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ext-align: justify;">Rana Tanveer highlighted highlighted the declining trend of sugar prices in the local market.
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ext-align: justify;">It was decided that all sugar mills will begin crushing from November 21, and action will be taken against mills that fail to start crushing by the 21st.
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ext-align: justify;">The minister said that all payments to farmers will be made before the start of the crushing season.
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ext-align: justify;">He added that if mills do not pay the dues to farmers, their export licenses will be revoked.
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ext-align: justify;">The Pakistan Sugar Mills Association (PSMA) has requested permission to export additional sugar.
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ext-align: justify;">The minister said that the government cannot grant further permission until the first export quota is completed.
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