Russia: Ministry of Agriculture proposes limiting sugar exports
Sugar
Russia
Regulation & Compliances
Market & Price Trends
Published Mar 17, 2024
Tridge summary
The Ministry of Agriculture proposed to ban the export of sugar from Russia until August 31 of this year. The ban will not apply to the export of this product to the EAEU states. The Ministry of Agriculture told Kommersant that, taking into account the forecast volume of production and the needs of the domestic market, by the end of the season the Russian Federation will be able to export about 200 thousand tons of sugar and agreements with the countries of the union provide for the export of exactly this volume. By the end of the season, Russia can export about 200 thousand tons of sugar.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The Ministry of Agriculture proposed to ban the export of sugar from Russia until August 31 of this year. The ban will not apply to the export of this product to the EAEU states. The Ministry of Agriculture told Kommersant that, taking into account the forecast volume of production and the needs of the domestic market, by the end of the season the Russian Federation will be able to export about 200 thousand tons of sugar and agreements with the countries of the union provide for the export of exactly this volume. The situation in which officials have to regulate supplies manually was caused by a number of factors: growth in production, expansion of export geography and the solution of problems with logistics, payments and insurance that arose in 2022. The Ministry of Agriculture has prepared a draft government resolution that involves a ban on the export of sugar from Russia for the period until August 31, 2024 (the document is published http://regulation.gov.ru/p/146280). We are ...
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