Pakistan: Sugar Annual

Pakistan’s MY 2021/22 sugar production is forecast at 6.8 million metric tons (MMT), up 14 percent from the current year’s revised estimate, due to significant increases in area and sugarcane yields. Sugar consumption for the same year is forecast at 5.9 MMT, three percent higher than last year’s estimates and exports are forecast at 800,000 tons. MY 2020/21imports are estimated at 350,000 tons mainly to control rising prices and build up supplies. To facilitate the availability of sugar to end users the government has eliminated all duties on sugar imports. Sugar prices increased 21 percent since last year due to tight supplies in the market. Instability in sugar availability for end users and sugar prices is expected to continue mainly due to government pricing and management policies influencing the decisions of sugar producers to distribute product. Ending stocks are projected at 2.4 MMT.