Kazakhstan promises to build new sugar factories

Published 2024년 8월 22일

Tridge summary

A meeting led by Deputy Prime Minister Serik Zhumangarin discussed the preparation and processing of sugar beets in Kazakhstan, outlining plans for increased production and self-sufficiency in sugar. The government intends to support investors in building new sugar factories with subsidies, tax breaks, land preparation, and preferential credit, aiming to extend the processing period of raw materials to handle the doubled harvest of 1.1 million tons. This strategy, which includes upgrading existing facilities and establishing new factories to reach a processing capacity of 3 million tons, is designed to improve food security and reduce import dependence, meeting domestic demand and potentially exporting surplus beet sugar.

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Original content

A meeting was held in the Government chaired by Deputy Prime Minister Serik Zhumangarin to discuss issues of harvesting and processing sugar beets this year, as reported on the Primeminister.kz website. As was decided at the meeting, state support in the form of subsidies, tax breaks, provision of land with ready infrastructure, access to preferential credit resources will be provided to investors wishing to build sugar factories in Kazakhstan. FIGURES AND FACTS • In 2024, the area of sugar beet crops was increased to 25.2 thousand hectares, which is almost twice as much as in the previous year (13.4 thousand hectares). The expected gross harvest of sugar beets in the Zhetysu and Zhambyl regions will be 1.1 million tons with a yield of 436 centners, which is almost twice as much as last year. • The existing capacities of sugar factories are already struggling to cope with the growing volumes of sugar beet harvest. The processing capacity of the Koksu sugar factory is 250 thousand ...

Source: Agrosektor