Pakistan exports sugar first time in five years

Pakistan, which has been importing sugar in recent years, has struck its first deal to export the commodity in five years, selling 1,000 tonnes of whites to Sri Lanka, a senior industry official said on Wednesday.
"We have just closed the deal. We are aiming to sell another 20,000 tonnes to Southeast Asia and Middle East destinations. Negotiations are at an advanced stage," Najib Balagamwalla, chief executive of Karachi-based Seatrade Group, told Reuters.
Balagamwalla said the deal for Sri Lanka was sealed at $335 a tonne, free on board, for February shipment in containers.
"If London prices rise a little more, we should be able to do a couple of bulk deals," he added.