#sugar import

India’s Ministry of Commerce has just announced that the country will be placing an export ban on all domestically produced sugar beginning April 1, 2016. This is no small decision as India’s sugar industry stands to lose nearly $1 billion as a result of this policy change, but what will be the implications for the rest of the world’s sugar market? In this article, we’ll explain why India has decided to place an export ban on sugar and what other countries may do as a result of this action.

The Problem

Sugar imports into India have been on a steady decline since 2013. A combination of high taxes, tight quotas, low Indian sugar prices, and an increase in domestic production has put a brake on imports. Sugar traders who operate within India have diverted much of their resources to other markets such as Vietnam and China, where prices are higher than in India. To make matters worse for sugar importers, government officials have made it clear that no new import licenses will be issued unless there is a corresponding drop in sugar stocks at local warehouses. This means that even if new licenses were issued, they would not be able to meet demand. For sugar exporters, all signs point towards a market with limited opportunity for growth. As the sugar trade moves away from India, sugar producers need to look elsewhere for opportunities to grow their businesses and diversify risk.

How It Affects Us

The Indian government has decided to ban all sugar exports in order to support its domestic farmers. This raises many questions: how will India continue to feed its people if they are no longer producing enough sugar? How will American consumers feel about paying higher prices for a product that we import almost half of our supply from? Will there be ripples throughout other countries that export or import sugar (e.g., Brazil, Thailand, Colombia)? To answer these questions, it is important to understand what led up to India’s decision as well as what may happen next. Specifically, in order to address these questions, we need an overview of India’s reliance on sugar production as well as an analysis of domestic versus international market forces impacting them.

The Solution

For Sugar importers in India, it will be of utmost importance to ensure they keep a steady supply of sugar coming in, especially during those critical months when sugarcane harvesting is at its peak. Sugar exporters with plants already established will also need to ensure that they continue to increase their exports as demand rises across Europe and beyond. For example, one of our existing clients has planned to add another 400,000 tonnes of production over 2017, which should easily accommodate export increases if need be. In conclusion, we feel that a ban on sugar imports and exports from India is not likely given how much political capital has been invested into getting foreign companies set up here – and how much interest there is from investors who want a piece of India’s $1 billion sweetener pie.

Final Thoughts

India has placed a ban on sugar exports after two years of failed price negotiations between cane growers and millers. It’s likely that if prices don’t pick up by early next year, India will export even less sugar—and possibly none at all. The reason? With excess sugar currently in supply, exporters can barely make a profit. If they were to lower their prices, they’d only be hurting themselves. Both domestic prices and global demand need to rise if Indian businesses are going to start shipping abroad again. Until then, it looks like India will have no choice but to import more sugar to meet its own needs as mills refuse to sell into a market where producers are unlikely to turn a profit. Continue reading about Sugar Imports in India.

  Source Url:-

Government imports expensive sugar instead of buying cheap from local industries

In order to stock Utility Stores, the federal government has imported what has been dubbed the “most costly” sugar in the country’s history.

From the United Kingdom, a shipment of 28,760 metric tons of sugar imported by the Trading Corporation of Pakistan (TCP) arrived in the country. At the port, TCP paid Rs109.90 per kg for the imported sugar, which was acquired by the company. In comparison, the land cost of 100,000 tonnes of sugar last year was Rs89.26 per kilogram of sugar.

After deducting all of the charges, the Utility Stores would obtain sugar at a cost of approximately Rs123 per kilogram.

Ex-mill rates for sugar produced in the country have been set at Rs84.75 per kilogram by the authorities.

As a result, depending on the current exchange rate, imported sugar would be Rs25.15 per kg more costly than the official ex-mill pricing.

Sugar would be provided to the Utility Stores at a greater cost of Rs33.25 per kg than the official pricing, according to the agreement.

A subsidy program will cover the difference between the purchase price and the sale price of this sugar, which will be sold at the Utility Store for Rs85 a kilo according to the government’s decision.

Iskander Khan, chairman of the Pakistan Sugar Mills Association, expresses regret that the government is importing sugar at a cost of Rs140 per kg, excluding sales tax, in order to sell it at a cost of Rs90 per kg in the local market, but is not willing to purchase the sweetener from the local industry at a cost of Rs104 per kg.

“By providing substantial subsidies on imported sugar, the government demonstrates that it is more concerned with foreign growers than with local producers.” As part of its sugar importation program, the federal government is bringing in 200,000 metric tonnes of sugar, with 150,000 metric tonnes of that sugar being given in Punjab at a rate of Rs90 per kilogram.

When the next crushing season begins in just a few weeks, Mr. Khan is concerned that the government’s action will have a negative impact on the local growers because the mills are likely to default on payments to them for their products as a result of cash shortages caused by the alleged sealing of sugar storage facilities.

He claims that the millers will decide on their course of action in a general body meeting that will be scheduled soon.

According to a representative of the MNFS&R, the action was necessary because sugar millers began ’emptying out’ their stocks at unofficial rates in the pretext of previous contracts with dealers and distributors.

In response to a question, he stated that the decision will not have an impact on the upcoming crushing season because the authorities have contingency measures in place. He goes on to say that the market will be saturated with the imported sweetener at a rate of Rs90 per kg, leaving little opportunity for the local sugar industry to sell its products at a rate of Rs100 or more per kg.

As the sucrose content in the sugarcane crop reaches a satisfactory level even in October, according to the officials, the cost of production for the mills erected along Sindh’s coastline line is around Rs70 per kg.

He is confident that these coastal plants will begin crushing immediately, regardless of whether or not the PSMA issues a directive, and that many additional mills throughout Sindh and Punjab will follow suit as soon as possible.

Sugar import to be accelerated: Tarin

Finance Minister Shaukat Tarin formed a subcommittee to accelerate the import of 600,000 tonnes of sugar and instructed the Ministry of Food Security to finish wheat purchases as soon as possible.

The minister, who presided over a meeting of the National Price Monitoring Committee, instructed the agencies in charge to finish the procurement of wheat and sugar in stages, taking into account the current international rates.

Mr. Tarin suggested looking at financial risk hedging about critical commodity imports. According to an official announcement, a subcommittee formed by the secretary of the ministry of food security, the secretary of Industry and Production, a representative of the Ministry of Commerce, and the presidents of FBR and of the Trading Corporation of Pakistan will accelerate the importation of sugar to guarantee the supply of the country.

The finance minister instructed Ghufran Memon, Secretary of the Ministry of Food Security, to develop mechanisms for constructing commodities warehouses, storage facilities, and agri-malls through public-private partnerships and deliver a proposal to the committee.

Jamshed Cheema, Special Assistant on Food Security, indicated that a plan in this respect has been finalized and would be presented for approval shortly.

Mr. Tarin emphasized the necessity of genuine market interventions such as stockpiling strategic stocks of wheat, sugar, edible oil/ghee, vegetables, and pulses to prevent hoarding and profiteering.

He stated that the government will flood the markets with vital commodities to bridge the supply and demand imbalance in order to keep price increases in check. According to him, Pakistan is a net importer of essential food products such as wheat, sugar, and pulses.

چینی تحقیقاتی کمیشن کی سبسڈی سے متعلق 3 حکومتی عہدیدار تنقید کے نشانے پر

اسلام آباد: شوگر انکوائری کمیشن کی رپورٹ جمعرات (21 مئی) کو منظر عام پر لائی گئی جس میں چینی برآمد پر سبسڈی دینے پر وزیر منصوبہ بندی اسد عمر، وزیراعظم کے معاون خصوصی برائے صنعت و تجارت عبدالرزاق داؤد اور وزیراعلیٰ پنجاب پر تنقید کی گئی اور تینوں (اپنے جوابات سے) کمیشن کو مطمئن کرنے میں ناکام رہے۔

قومی سفیر اخبار کی رپورٹ کے مطابق یہ تینوں حکومتی عہدیداران اور سابق وزیراعظم شاہد خاقان عباسی چینی…

کراچی میں شوگر مافیا چینی کا بحران پیدا کرنے کیلئے متحرک

کراچی (وقار احمد انصاری) کراچی میں شوگر مافیا چینی کا بحران پیدا کرنے کیلئے متحرک ہوگئی ہے،گزشتہ ایک ہفتے کے دوران چینی کے فی کلو نرخ میں اضافہ اسی سلسلے کی کڑی ہے ادھر شہر کے تمام یوٹیلیٹی اسٹورز پر چینی اوپن مارکیٹ کے سے ایک روپیہ فی کلو زائد وصول کرکے دسمبر میں چینی کی قیمتوں میں مزید اضافے کے سگنل بھی دئے جارہے ہیں۔ گزشتہ ہفتے ہول سیل مارکیٹوں میں چینی کے نرخ52روپے کلو اور ریٹیل مین 54 روپے…