Prospects for the development of the sugar industry for the next five years were discussed in Kazakhstan

Sugar

Kazakhstan

Published Feb 11, 2023

Tridge summary

Problematic issues and prospects for the development of the sugar industry in Kazakhstan were discussed by the expert community at the site of the CCS. Representatives of interested ministries and National Companies, heads of sugar factories and the industry Association took part in the round table meeting, the press service of the Ministry of Agriculture of the Republic of Kazakhstan reported. Last year, the country approved a comprehensive plan for the development of the sugar industry for the next five years.

Original content

In particular, measures are being taken to load sugar factories with raw materials through the expansion of sugar beet sown areas, modernizing existing factories, providing financing and protecting the market. As a result, by 2026 the share of domestic production should increase from 7% to 43%, said the director of the department for processing agri-food markets of the Ministry of Agriculture of the Republic of Kazakhstan. According to Kanat Zhauymbaev, this year the akimats are working to expand the sown areas of sugar beet by 6.5 thousand hectares to 18.1 thousand hectares and provide them with water. Due to the increase in the subsidy standard from 15 to 25 thousand tenge, beet growers will sell a ton of their product for 40 thousand tenge. Thus, the profitability of sugar beet will be brought to the level of other crops. Also, together with the Ministry of National Economy, amendments were made to the tax code in terms of granting tax preferences for the production of sugar ...

Source: Agrosektor