Islamabad: Bangladesh is currently facing a shortage of sugar and has decided to turn to Pakistani markets to meet its import needs.
According to sources in the Ministry of Commerce, Bangladesh is looking to import 15,000 metric tons of Pakistani sugar.
Sources in the Ministry of Commerce say that in December last year, Bangladesh imported about 25,000 metric tons of sugar from Pakistan through the private sector to meet its local consumption needs.
After exporting 25,000 tons of sugar last month, an agreement to import 50,000 metric tons of rice is currently underway, which will be finalized by next week.
According to sources, Bangladesh initially plans to import up to 15,000 metric tons of refined sugar from Pakistan’s current crop.
TCB outlined specific requirements for sugar, including preference for medium, refined and dry sugar with an ICUMSA rating not exceeding 45.
Sources said TCP is already in talks with TCB for the export of 100,000 metric tonnes of white long grain rice.
