Pakistan on Tuesday allowed the import of 300,000 metric tonnes of sugar to meet a shortage in production below consumption levels, the finance ministry said, a move that could support global prices. The Economic Coordination Committee (ECC), a top body that makes crucial financial management decisions, gave the green light to the importers. “The ECC considered a proposal by the Ministry of Industries and Production for import of refined sugar by the Trading Corporation of Pakistan (TCP) to maintain buffer stocks, and allowed import of up to 300,000 metric tonnes of white sugar,” the ministry’s statement said. …read more
Source:: Yahoo Finance
