Companies / Pakistan
Government Says Domestic Sugar consumption Is Falling
June 2009 | Industry Trend AnalysisThe state-run Trading Corporation of Pakistan (TCP) has revealed that a marked reduction in domestic sugar consumption has rendered it unlikely that Pakistan will have to look across its borders to procure sugar for the remainder of 2009. Falling production in the 2008/09 season had led many on the ground in Pakistan to forecast a full-year deficit. However, the Pakistan Sugar Mills Association (PSMA), echoing the sentiment of the TCP, says that average monthly consumption has fallen from 358,000 tonnes in 2008 to 294,000 tonnes in the current year, which means that the current stock of roughly 2mn tonnes should
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