PAKISTAN - The Government of Pakistan has increased the tariff on sugar imports from zero to 20 per cent and authorized an export quota of 500,000 metric tons.
Domestic sugar prices in Pakistan are well above international prices as harvest is about to begin.
The move appears to be designed to protect domestic millers from sugar imports while allowing the export of existing sugar stocks.
However, given the high price of domestic sugar, export prospects appear to be limited.
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TheCropSite News Desk