Overview
- PSMA, which held a press briefing Monday, asked the federal government to immediately permit sugar exports to ease mounting losses.
- The association reported about 7.5 million tonnes produced by March 25 and projected 7.7 million by season end, putting total availability near 8.071 million tonnes against 7.02 million of domestic use.
- It warned that mills face heavy inventory carrying costs as unsold sugar sits in warehouses.
- The group pushed for full deregulation, saying provincial controls on ex-mill prices, supply rules, and payment timelines distort the market despite partial deregulation elsewhere.
- It proposed reviving ethanol blending in petrol up to 20% to reduce fuel imports and highlighted bagasse-fired power as a source of surplus electricity for industry and the grid.