Kazakhstan has introduced a ban on sugar exports until the end of summer

Published 2024년 5월 10일

Tridge summary

The Kazakh government is taking steps to ensure sugar availability for its citizens during the summer season, ahead of the new sugar beet harvest. The country's sugar reserves, along with import volumes, are currently at about 256 thousand tons, half of its annual requirement. To meet the summer demand, which ranges from 46 to 60 thousand tons per month, the government plans to increase the quota for Russian sugar import by an additional 100 thousand tons and implement a temporary ban on sugar exports to third countries, including EAEU member states, until August 31, 2024. This measure, similar to Russia's, aims to stabilize the domestic food market without affecting international transit.

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Original content

This measure will fully meet the demand of Kazakhstanis for sugar in the coming summer season At a meeting of the Interdepartmental Commission on Foreign Trade Policy and Participation in International Economic Organizations, chaired by Deputy Prime Minister Serik Zhumangarin, the issue of supplying the domestic market with sugar for the coming season, before the new sugar beet harvest, was considered. This was reported by the press service of the Government of the Republic of Kazakhstan. According to the Government, currently the balance of sugar reserves in warehouses and import volumes into Kazakhstan is about 256 thousand tons, which is half of the country’s annual need (500-550 thousand tons). “Stocks of sugar and raw cane in warehouses today amount to 136 thousand tons. Together with the quota for the import of Russian sugar in the amount of 120 thousand tons until August 31, 2024, this is about 256 thousand tons. In addition, Kazakhstan has a duty-free import quota of 300 ...

Source: Agrosektor