Pakistan's MY 2013/14 Sugar Production Estimate Increased
Sugarcane is an important industrial and cash crop in Pakistan. Current year’s increase in sugarcane…Sugarcane is an important industrial and cash crop in Pakistan. Current year’s increase in sugarcane cropped area and opportune monsoon rains provided optimum moisture, a key factor to impel a record sugarcane harvest.
Consequently, Post’s estimate of Pakistan’s MY 2013/14 sugar production is increased by 245,000 tons to a record 5.2 million tons.
Estimates are based on an 83 per cent crushing rate and 9.9 per cent sugar recovery.
Pakistan’s MY 2014/15 total sugar production is forecast at 4.86 million tons, down seven per cent over the current year’s estimate due to projected six per cent decrease in sugarcane cropped area.
Sugar consumption in MY 2014/15 is forecast at 4.5 million tons, slightly up over the previous year.
Sugar exports in MY 2013/14 are revised at 500,000 tons from the previous estimates of 440,000 tons.
MY 2014/15 sugar exports are forecast at 400,000 due to decrease in production estimates.
MY 2014/15 ending stocks are expected to improve and are forecast at 1.14 million tons.
