Russia has temporarily banned sugar exports until August 31

Published 2024년 5월 8일

Tridge summary

Russia has imposed a temporary ban on the export of cane or beet sugar and chemically pure sucrose to maintain stability in its domestic food market. The ban, in effect until August 31, 2024, has some exceptions, including supplies to the countries of the Eurasian Economic Union. These exceptions include 28,000 tons to Armenia, 5,000 tons to Belarus, 120,000 tons to Kazakhstan, and 28,500 tons to Kyrgyzstan. Despite the ban, Russian sugar, known for being one of the cheapest in the world, continues to find demand in the global market, with new exports reported to Turkmenistan, Afghanistan, Turkey, North Korea, and Senegal.

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

Original content

According to the news, "Russia temporarily banned the export of cane or beet sugar and chemically pure sucrose. The government has signed a resolution. The restriction will last until August 31, 2024. This decision is aimed at maintaining the stability of the domestic food market". The resolution provides for some exceptions, including the supply of sugar to the countries of the Eurasian Economic Union within certain quantity limits. In addition, 28,000 tons of exports to Armenia, 5,000 tons to Belarus, 120,000 tons to Kazakhstan and 28,500 tons to Kyrgyzstan are allowed. Russian sugar is one of the cheapest in the world, ...

Source: Foodmate