The Chinese government has offered Pakistan market access for three commodities — rice, sugar and yarn — worth $1 billion for the current fiscal year, according to Abdul Razaq Dawood an Advisor to Prime Minister on Commerce.
El Salvador – Sugar industry relieved as court suspends “provisionally” cancellation of FTA with Taiwan [Registered]
The highest court in El Salvador ordered on 12th March suspended “provisionally” the cancellation of the Free Trade Agreement (FTA) that the Central American nation maintains with Taiwan, for the alleged violation of the rights and legal security of the sugar sector, according to local press reports.
Indian sugar mills have contracted to export 2.2 million tonnes of sugar since the current marketing season began on October 1, according to the president of the All India Sugar Trade Association Praful Vithalani, reported Reuters.
The federal government’s Economic Coordination Committee (ECC) approved on 4th December an increase in sugar export quota by 100,000 tons to 1.1 million tonnes, according to local press reports.
India plans to export 2 million tonnes of sugar to China to cut trade deficit with the neighbouring country, a government statement said, according to local press reports.
Pakistan’s Economic Coordination Committee (ECC) on 3rd October approved 1 million tonnes of sugar exports for the 2018-19 (November-December) season, without any subsidies for freight or other financial support to the mills by either the Federal or Provincial Governments, according to local press reports.
India – Government approves export subsidy for 5 million tonnes sugar in 2018/19 season [Full subscriber]
The Indian government on 26th September approved an INR45 billion (US$617 mln) package for the sugar industry that includes over two-fold jump in production assistance to cane growers and transport subsidy to mills for export up to 5 million tonnes in the marketing year 2018-19, according to local press reports.
The Secretariat of Economy (SE) on August 15, 2018, announced in the Diario Oficial (Federal Register) a maximum sugar quota of 750,876.85 tonnes on a raw value basis for export to the United States during the 2018/19 sugar cycle.
The Indian government on 23rd August announced that it was extending the deadline to export 2 million tonnes of sugar by three months to the end of this year as only a quarter of the tranche has been shipped so far.
Pakistan’s sugar exports hit a new peak of 1.359 million tonnes fetching US$474 million during the first eleven months (July-May) of the financial year 2017-18 compared with 302,268 tonnes earning $158m over the same period last year.