Russia: The Ministry of Agriculture does not plan to extend the ban on sugar exports

The Ministry of Agriculture does not plan to extend the ban on sugar exports, which is in effect until August 31. "Currently, there are no plans to extend the temporary ban on the export of cane or beet sugar and chemically pure sucrose after August 31," TASS writes, citing the agricultural ministry. The ministry noted that further decisions depend on the sugar beet harvest in the new season, and they will be considered in coordination with partners in the EAEU. Leading expert at the Institute for Agricultural Market Studies (IKAR) Evgeny Ivanov says that lifting the export ban is the right measure. "Radical bans are extremely undesirable in any industry," he told Agroinvestor. According to Ivanov, a more optimal restrictive measure in the event of a sharp decline in domestic production is a temporary export quota, and it should apply not only to the EAEU countries, since Russia has traditional buyers outside the Customs Union, for example, for sugar these are all the CIS ...