On the Kazakhstan market, there is 60% more imported sugar than domestic

Published 2021년 6월 25일

Tridge summary

Half of Kazakhstan's sugar factories have suspended operations due to inability to compete with Russian and Belarusian producers, who make up 60% of the country's sugar market. High fuel costs and transportation issues have increased sugar production costs. The lack of approval of an EEC decision for duty-free import of raw materials in Kazakhstan further disadvantages local producers. Factories also face challenges in producing and exporting sugar made from raw cane sugar due to import duties and a preferential rate on raw material costs within the WTO.

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Original content

In Kazakhstan, half of the sugar factories have suspended work, unable to withstand competition with Russian producers Representatives of the Kazakhstan Association of the Sugar Food and Processing Industry and manufacturing plants stated this at a meeting with the Chairman of the Agency for the Protection and Development of Competition Serik Zhumangarin. “Sugar of Russian and Belarusian production is widely represented on the territory of Kazakhstan, its share in the volume of consumption of the country exceeds the share of Kazakhstani producers and is about 60%,” stated Nurzhan Kairbekov, Chairman of the Supervisory Board of the Merken and Taraz sugar factories, sugar producers of the Zhambyl region. According to Nurzhan Kairbekov, any fluctuation in sugar prices from neighbors is reflected in the internal Kazakhstani market, since the country works in a single economic field with the EAEU countries. “This year raw sugar and white sugar have risen in price very much - this is a ...

Source: Agrosektor