Pakistan Decides to Remove 25% Import Duties on Raw Sugar

As reported on Sept. 22, 2010 by a Pakistani newspaper, Pakistan's Minister of Agriculture, Nazar Mohammad Gondal, recently revealed to media that the Pakistani Government had decided to remove 25% import duties on raw sugar so as to meet domestic demand for sugar after flood disaster by encouraging imports of raw sugar.

As per the report, Pakistan originally set for this fiscal year (July 2010-June 2011) the goal of yielding 54.80 million tons of sugarcanes with estimated 3.80 million tons of sugar; however, as a result of the flood, a big drop will occur in the output of both sugarcane and sugar, with sugar shortage in Pakistan estimated to be 1.20 million tons.