Bolivia: Sugarcane growers reject DS that restricts exports

Published 2022년 3월 24일

Tridge summary

The National Commission of Sugarcane Producers of Bolivia (Concabol) has opposed Supreme Decree 4680, which limits sugar exports to ensure local supply. Concabol insists that there is a two-month safety stock available and maintains that producers bear the storage costs. The organization clarifies that sugar consumption in Bolivia is covered by local production and that exports only occur with surplus, generating foreign exchange. They also refute claims of price speculation in the sugar industry. Concabol argues that the decree aims to add uncertainty to a already struggling sector and hinders investment.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Page Seven / La Paz The National Commission of Sugarcane Producers of Bolivia (Concabol) rejected the approval of Supreme Decree 4680 that restricts sugar exports, because it ensures that internal supply is guaranteed. According to the organization, there is a security stock that guarantees local supply for two months until the start of the sugar cane harvest. They ensure that all storage costs and expenses generated by having an immobilized stock are assumed directly by the producer. According to Concabol, the sugar production process takes place once a year during the sugar cane harvest. We must be clear, the nine million quintals of sugar that we Bolivians consume are guaranteed by the families of the sugarcane agribusiness, this includes the safety stock to avoid shortages, they specify. Only the surplus of the sugar market is exported and that generates foreign exchange for the country. They add that the price of sugar has been regulated for many years and the sugar ...

Source: Paginasiete