Kazakhstan plans to reduce import dependence on sugar by 10%

Published 2024년 7월 22일

Tridge summary

Kazakhstan is planning to decrease its sugar import dependence by 10%, which currently stands at over 50%, by increasing its own sugar production. This strategy includes building new factories, increasing subsidies to farmers, and providing import quotas for raw materials. In 2023, agricultural subsidies were increased, and companies were granted quotas for duty-free imports of 300 thousand tons of cane raw materials, along with a 70% VAT reduction on the production of VAT on these imports. The country is also considering the construction of two additional sugar factories in the Zhambyl and Pavlodar regions. At present, Kazakhstan's sugar production companies meet about 44% of the country's domestic sugar needs, with the rest being imported primarily from Russia and Belarus.

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Original content

Kazakhstan plans to increase sugar production and reduce import dependence by 10% (now it is more than 50%). This is reported by kz.kursiv.media. For this purpose, new factories will be built, as well as subsidies to farmers will be increased and quotas for the import of raw materials will be provided. In order to address the issue of import dependence, measures to support the sugar industry have been strengthened. In 2023, the rate of subsidies to agricultural producers was increased, and companies were granted quotas for duty-free imports of cane raw materials in the amount of 300 thousand tons, as well as tax benefits in the form of a 70% VAT reduction on the production of VAT on imports of cane raw materials. The issue of building two additional factories in Zhambyl and Pavlodar regions is currently being considered. Currently, there are four sugar production companies in Kazakhstan: “Aksu Kant, Koksy, Merken and Taraz plants. With the construction of new plants, sugar ...

Source: UkrAgroConsult