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

게시됨 2024년 8월 28일

Tridge 요약

The Ministry of Agriculture has no plans to extend the sugar export ban beyond August 31, but future decisions will depend on the new sugar beet harvest. Experts believe lifting the export ban is the right step and recommend the removal of export duties for sugar and molasses products to increase competitiveness. The export volume will depend on the balance between world and domestic prices, and the Russian industry's ability to offer quality, logistics, and payments. The government's restrictions on sugar exports, both within and outside the EAEU, were introduced to stabilize the domestic food market.

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원본 콘텐츠

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 ...

출처: AgroInvestor