The country will have around one million tonnes of extra sugar this year based on monthly consumption of around 390,000 tonnes and available stocks of 3.45 million tonnes held by sugar mills of three provinces till May 15, 2014, according to millers’ estimates.
They said mills in Punjab hold 1.927m tonnes of sugar stocks, followed by 1.328m tonnes in Sindh and 200,000 tonnes in Khyber Pakhtunkhwa.
“If we use 390,000 tonnes of sugar per month, our consumption comes to 2.34m tonnes from May 15 to November 2014 which means we will still have around 1m tonnes of surplus stocks (available for export),” Javed Kayani, a former chairman of the Pakistan Sugar Mills Association (PSMA), claimed.
