Russia will not extend the ban on sugar exports after August 31, 2024

Published 2024년 8월 27일

Tridge summary

The Russian Ministry of Agriculture has announced that the current ban on sugar exports, in place until August 31, 2024, will not be extended. The decision to extend or replace the ban will be based on the upcoming sugar beet harvest and will be discussed with EAEU partners. The ban, which was implemented on May 6, 2024, was designed to stabilize the domestic food market and allowed for certain exports to EAEU countries. Since August 1, 2023, Russia has exported over 700 thousand tons of sugar, three times the amount from the previous season. The country also produced over 6.6 million tons of beet sugar in 2023, a 10% increase from the previous year.

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Original content

Moscow. August 27. INTERFAX.RU - The ban on sugar exports from the Russian Federation, which is in effect until August 31, 2024, will not be extended. "Currently, there are no plans to extend the temporary ban on the export of cane or beet sugar and chemically pure sucrose after August 31," the press service of the Ministry of Agriculture told Interfax. Further decisions depend on the sugar beet harvest in the new season, and they will be considered in coordination with partners in the EAEU, the department noted. The ban on sugar exports from the Russian Federation came into force on May 6 of this year. This is provided for by a government decree signed on May 3, 2024. The decision was aimed at maintaining the stability of the domestic food market. The decree provided for a number of exceptions. Thus, sugar supplies were possible to EAEU countries in certain volumes. In particular, 28 thousand tons were allowed to be exported to Armenia, 5 thousand tons to Belarus, 120 thousand ...

Source: Interfax