Kazakhstan will ban sugar exports until the end of summer

Published 2024년 5월 6일

Tridge summary

Kazakhstan has imposed a ban on the export of sugar to third countries, including Eurasian Economic Union partner states, until August 31, 2024, in order to fulfill domestic demand. This ban does not affect international transit. The country is planning to increase the quota for Russian sugar supply by an additional 100 thousand tons by the end of the year. Currently, Kazakhstan's sugar reserves, along with import volumes, are approximately half of the country's annual needs. In 2024, the country aims to double the area under sugar beet crops. The decision is a response to a sugar shortage in the country due to dependence on imported sugar and underdeveloped domestic production.

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

Original content

Moscow. the 6th of May. INTERFAX.RU - Kazakhstan is introducing a ban on the export of sugar until August 31, 2024 to third countries, including partner states in the Eurasian Economic Union, to meet domestic demand, the press service of the government of the republic reported. The ban will not affect international transit In the near future, the Kazakh side plans to hold negotiations to increase the quota for the supply of Russian sugar by another 100 thousand tons by the end of the year, the government reported. Currently, the balance of sugar reserves in warehouses and import volumes into Kazakhstan is about 256 thousand tons, which is half of the country’s annual needs (500-550 thousand tons), officials noted. “Stocks of sugar and raw cane in warehouses today amount to 136 thousand tons. Together with the quota for the import of Russian sugar in the amount of 120 thousand tons until August 31, 2024, this is about 256 thousand tons. In addition, Kazakhstan has a quota for ...

Source: Interfax