The Ministry of Trade of the Republic of Kazakhstan spoke about sugar reserves

Published 2022년 3월 11일

Tridge summary

Kazakhstan has stocked basic food products, particularly sugar, for the next three months to meet the population's demand. The country has the opportunity to import 250,000 tons of sugar from other countries by the end of August 2022 without customs duties to maintain stable prices. In 2021, Kazakhstan's sugar production increased by 89% from the previous year, but 60% of its consumption was imported. The main suppliers of imported sugar were the Russian Federation, Brazil, Belarus, and Mexico.

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Original content

NUR-SULTAN. KAZINFORM At present, stocks of basic food products have been formed in Kazakhstan, Kazinform reports with reference to the press service of the Ministry of Trade and Integration of the Republic of Kazakhstan. “According to the information of the regions and the Union of Retail Networks, sugar reserves are concentrated in the Stabilization Funds and trade facilities, which are enough to meet the demand of the population for 3 months. As part of expanding the geography of suppliers and reducing risks, work is underway to purchase raw sugar from other countries for the production of finished sugar: Kazakhstan has the opportunity to import 250,000 tons of sugar by the end of August 2022 without paying customs duties. In order to maintain sugar prices at a stable level, central and local executive bodies will undertake a number of measures, including the use of a “turnaround scheme” by trading facilities and interventions from stabilization funds,” the ministry said. As ...

Source: Inform