Russia: The Ministry of Agriculture extended sugar export quotas for almost 9 months

Published 2024년 7월 23일

Tridge summary

The Ministry of Agriculture has extended the deadline for exporting sugar from Russia under quotas until April 28, 2025, with a limit of one ton, effectively acting as a ban according to some experts. Exceptions include higher quotas for EAEU countries, such as 120,000 tons for Kazakhstan and smaller amounts for Kyrgyzstan, Armenia, and Belarus. The export restriction, first introduced in August 2021, aims to maintain domestic food market stability and is regulated by agreements developed by the Federal Antimonopoly Service, with export licenses issued by the Ministry of Industry and Trade.

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Original content

The Ministry of Agriculture has extended the deadline for exporting sugar from Russia abroad under quotas until April 28, 2025. The corresponding order of the ministry was published on the official Internet portal of legal information. We are talking about exporting no more than one ton during the specified period. As Interfax reports, some sugar market experts consider the decision to actually be a ban on exports due to the insignificant volume of exports. However, as with previous restrictions, exceptions are supplies to friendly countries of the Eurasian Economic Union (EAEU). For each of them, higher individual export volumes are determined. For example, 120 thousand tons are allowed to be exported to the territory of Kazakhstan. 28.5 thousand is the quota for Kyrgyzstan, 28 thousand for Armenia and five thousand for Belarus. A government decree allowing the conclusion of export agreements between domestic sugar producers was adopted in April 2020. Its project was developed by ...

Source: Rosng