Sugar reserves in the EAEU countries in July 2023 amount to 1.5 million tons

In the 2023/24 season, 77 sugar factories will produce sugar in the EAEU According to the Eurasian Sugar Association, sugar reserves in the EAEU countries as of July 15, 2023 amount to 1.5 million tons, which is 150 thousand tons more than last year. The situation on the sugar market of the EAEU countries is currently stable, the balance of supply and demand for sugar is maintained through the supply of sugar within the framework of domestic trade, as well as the sale of sugar produced from imported raw sugar. The volume of domestic sugar trade between the EAEU countries for the first half of 2023 amounted to more than 270 thousand tons, which is higher than the average three-year values. On March 30, 2023, the EEC Council adopted Decision No. 32, in accordance with which the EAEU countries were granted a quota for preferential imports of 600,000 tons of raw sugar in 2023. Of this volume, 350 thousand tons were allocated to Kazakhstan, 100 thousand tons to Russia, 100 thousand ...