Kazakhstan: Sugar factories allocated 18.3 billion tenges under revolving schemes

Published 2023년 3월 9일

Tridge summary

The Kazakhstani government, led by Deputy Prime Minister Serik Zhumangarin, discussed the financing of sugar factories and the current state of domestic sugar production. Seventeen regions have contributed 18.3 billion tenge for the purchase and processing of raw sugar, with the Aksu Kant plant receiving 2.6 billion tenge. Despite having a total daily sugar processing capacity of 11.1 thousand tons, Kazakhstan's annual sugar consumption is only 530-550 thousand tons, with domestic raw materials contributing less than 10%. The government is working to increase this figure by expanding sugar beet cultivation and supporting the sugar industry with subsidies. The Aksu sugar plant, currently undergoing upgrades to process raw cane, is expected to contribute to meeting Kazakhstan's sugar demand.

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Original content

ASTANA. KAZINFORM - The process of financing sugar factories under revolving schemes and the situation with the production of domestic sugar were discussed in the Government under the chairmanship of Deputy Prime Minister - Minister of Trade and Integration Serik Zhumangarin, Kazinform reports with reference to the press service of the Ministry of Trade. According to First Vice Minister of Trade and Integration Arman Shakkaliyev, today 18 regions have provided financing for sugar factories for the purchase and processing of raw sugar in the amount of 18.3 billion tenge. “The Aksu Kant plant was the last one, but the SEC Almaty signed an agreement with it for the amount of 2.6 billion tenge,” Arman Shakkaliyev informed. According to the Ministry of Agriculture, the total daily capacity of sugar factories in Kazakhstan is 8.7 thousand tons for the processing of sugar beets and 2.4 thousand tons for raw cane. At the same time, the annual consumption of sugar in the country is 530-550 ...

Source: Inform