The first imported sugar arrives in Russia

"Together with other measures to support and regulate the sugar industry, the duty-free import quota helps to increase the supply of sugar in the domestic market and provide industrial consumers with the necessary raw materials," the ministry said. Duty-free import of sugar to Russia was opened from May 15 to September 30, 2021. Prior to that, the import duty on white sugar from non-EAEU countries was $ 340 per ton. But during this period it is possible to import up to 350 thousand tons. According to the plans of the Ministry of Agriculture, the introduction of such a measure will not only meet the country's needs for sugar, but also stabilize prices in the domestic market. Last year, due to a reduction in the area under beets and bad weather, sugar production decreased by more than 20%, to 5.8 million tons (with a consumption of about 6 million tons). This led to a sharp rise in prices for it. As a result, the authorities froze sugar prices until June 1, 2021 at 36 rubles per ...