Bangladesh has purchased 25,000 tons of high-quality sugar from Pakistan, which will arrive at Chittagong Port next month. This is a notable milestone, as it is the first time in decades that Pakistan’s sugar industry is exporting such a large amount to Bangladesh.
Currently, the global sugar price stands at $530 per ton, making this deal particularly significant for Pakistan. Alongside Bangladesh, Pakistan has also signed agreements to export sugar to Central Asian countries, Thailand, and several Gulf and African nations.
These exports are expected to bring in $400-500 million, making sugar one of Pakistan’s major sources of foreign exchange. To meet this demand, over 80 sugar mills in Pakistan have started production, highlighting the country’s effort to expand its sugar export market.
This development showcases Pakistan’s growing presence in the global sugar market and its ability to capitalize on rising international prices. It also reflects the sugar industry’s potential to contribute significantly to the country’s economy through foreign trade.
