Pakistan Sugar Mills Association (PSMA), Chairman Javed Kayani has appreciated the decision taken by the Ministry of Industries to direct Trading Corporation of Pakistan (TCP) for the purchase of 200,000 tonnes of sugar at the prevailing market prices which are at the lowest ebb during the entire season.
Javed Kayani said that this step would enable the growers to sow wheat, canola and sunflower on time and will help to redress and mitigate their plight as they have been greatly devastated during the recent floods and rains. He said that due to the surplus availability of sugar stocks, the market has considerably gone down and the decision to take advantage of the situation by the senior minister of industries is a laudable step.
