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Pakistan sugar production hit record high this year

admin-augafbyadmin-augaf
June 19, 2022
inBusiness, Finance, National, News
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Pakistan sugar production hit record high this year
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Islamabad June 19 2022: Pakistan’s Sugar production surge 39.4% to 7.8 million tons to hit record high this year due to better sugarcane production, according to data published by Pakistan Bureau of Statistics.

Record high production of sugar has pulled prices of refined sugar down by 10.8% in a year to range between Rupee 4,200 to Rupee 4,750 a 50 kg bag in the domestic retail market.

During 2021-22, sugarcane was cropped on 1,260 thousand hectares recorded an increase of 8.2 percent compared to last year’s sown area of 1,165 thousand hectares. A bumper sugarcane crop production recorded at 88.651 million tonnes during 2021-22, up by 9.4 percent over last year (81.009 million tonnes). The higher domestic sugar price and better sugarcane procurement price incentivized growers to dedicate more area to sugarcane, favourable weather conditions, better management and timely availability of quality inputs.

In the year 2017, Pakistan produced 7.0 million tons of sugar, which was the highest production number ever by the country at that time.

Sugarcane is of great significance for sugar related industries and 2nd largest agro-based industry for Pakistan after textile. Its production accounts for 3.7 percent in agriculture’s value addition and 0.8 percent in GDP.

Source: Pakistan Bureau of Statistics

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Tags: Bumper CropPakistanSugarcane
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