Export of Sugar Office Memorandum

The undersigned is directed to refer to the subject noted above and to state that the Economic Coordination Committee (ECC) of the Cabinet in Case No. ECC-154/27/2016 dated 28th December, 2016 has decided as under:

  1. Export of 225,000 MT of sugar will be allowed subject to the condition that:
    1. The Inter-ministerial Committee formed vide the Prime Minister Office's directive No. 3546/M/SPM/15 dated 25-11-2015 under the chairmanship of the Commerce Minister with Secretaries of Commerce, National Food Security & Research, Industries & Production and Additional Secretary Finance as members will meet during first week of every month to review the sugar stock/export situation;
    2. In case domestic sugar price stability as compared to 15th December, 2016, is not maintained, the above-mentioned Committee would recommend to the ECC for stoppage of further exports;
    3. Only those sugar mills will be allowed to export which have cleared outstanding dues of farmers relating to last season and have started crushing at full capacity.
  2. Export will be allowed only from the surplus available.
  3. The export quota will be approved and monitored by the State Bank of Pakistan (SBP) on first come first serve basis.
  4. Exports will be completed within 45 days of allocation of quota or 31-03- 2017, whichever comes earlier.
  5. There will be no export rebate/cash support on incidental and freight for the export.
  6. Copy of the ECC of the Cabinet's decision in Case No. ECC-154/27/2016 dated 28th December, 2016 is enclosed.