PSMA opposes suger import plan.

PSMA  opposes suger import plan.
The suger miles accociayioin PSMAdtrongly impossing the suger plan to import hassuger has offered
to the government to sell comodity present in the stock of domestic suger milles.suger stock with
our members are sufficiant for domestic consumption Until december 2011, said Javad kayani,chiarman
of pakistsan Suger milles .association at a news conffrence on friday.He was acompiand by the PSMA
Punjab and Sindh Chiarman.We are expecting a bamper cane crop in a fourth coming churshing season.
He said that adding the churshing sseason shugerrance would commencein Novermber.so shuger import
will have a serios negative impact on local farmers and growers he said.The federalgovernment had
the plan of 400,000matric tens of the sweetners out of which the ECC recently approved 100,000
tons he added.The Minstryies of industries priposed suger import in the name of stabilityin the
market durinig the next season.But this move will innihilate shuger industry and the growers.Jawad
said that our government shoudnoy dole out $300 on suger import as we can not afford further burden
on national acconomy.He added that there was no reason behind the misuse of revenue when there is
allready surplus avaliable in the contry.He said that prices of the suger in the contry have also
come down and as compered to prices of August when the sweetner was being sold at Rs 75-76 kilogram
ex-factory.