Tridge summary
The Hungarian government has removed the import restriction on cane and beet sugar. The restriction was implemented on September 15, but has now been lifted, allowing the import of these products. This decision comes amid concerns about sugar production in Ukraine due to the ongoing war and high energy prices, which may lead to a price increase of 10-12% for sugar next year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Hungarian government has removed cane and beet sugar from the list of products prohibited for import. The relevant decision entered into force on October 10, writes Agroinform.hu. Follow the news in a convenient format: Follow us on Twitter The resolution of the Government of Hungary, which was amended, concerns the transportation of certain agricultural products from Ukraine. The import restriction was adopted on September 15. As a reminder, according to the free trade zone with the EU, it is possible to export 20,000 tons of sugar per year. The quota was completely closed in 2-3 months. Domestic sugar producers shipped other volumes through the Black Sea and Odesa ports and delivered them to Turkey, Azerbaijan, and other Asian and African countries. Currently, our sugar buyers are only the countries of the European Union. Earlier, the USDA predicted that sugar production in Ukraine in 2022/23 will be 1.1 million metric tons (MMT), which is 23% less than the previous ...
Source: Landlord
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