Kazakhstan Increases Sugar Exports 400 Times

Published 2024년 10월 11일

Tridge summary

Kazakhstan's sugar beet harvest for the current year is projected to yield over 1.1 million tons, which is double the production from the previous season, due to an 86.7% increase in the area dedicated to sugar beet cultivation and increased state funding. Despite this, the country's domestic sugar production has seen a decrease of 35.6% in the first seven months of 2024, with imports making up 71% of the market. Despite this dependence and a government ban on sugar exports, Kazakhstan has exported a significant amount of sugar to neighboring countries. The article also highlights the operational status of sugar factories and the plans for full capacity operation of processing plants in the region this year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the same time, the country imports granulated sugar to cover its domestic demand Kazakhstani sugar beet growers have almost completed the harvesting campaign. According to preliminary data from the Ministry of Agriculture (MoA) of the Republic of Kazakhstan, the sugar beet harvest this year will be very good, the gross yield may exceed 1.1 million tons - 2 times more than was collected at the end of the 2023 season. This is reported by the analytical portal Energyprom.kz. According to analysts, farmers managed to achieve record figures due to the fact that the area under sugar beet this year was increased by 86.7%, from 13.5 thousand to 25.2 thousand hectares. It is also important that last year state funding for sowing and harvesting work increased significantly. According to the MoA of the Republic of Kazakhstan, 3.1 times more funds were allocated from the budget for these purposes. Conclusions can be drawn about the results of processing the new crop only next year. ...

Source: Agrosektor