PSMA Claims 12 Sugar Mills Shut, Warns of More Closures

PSMA claims 12 sugar mills shut, warns of more closures

ISLAMABAD - The Pakistan Sugar Mills Association (PSMA) - North Zone has claimed that at least 12 sugar mills across the country have already shut down due to losses and many others are on the verge of closure, demanding that the government allow export of another 0.

Pakistan sugar industry seeks additional export clearance for 0.8 million tonnes amid Rs 98 billion losses

Lahore: Pakistan’s sugar industry has reported losses of Rs 98 billion amid a surplus of 1.3 million tonnes and a decline of up to 25% in sugar prices over the past year, prompting the Pakistan Sugar Mills Association (PSMA) North Zone to seek additional export permission for 800,000 tonnes, Business Recorder reported. Citing weekly data […] ChiniMandi