The ban on sugar exports from Russia has expired, and there are no plans to extend it yet

Published 2024년 9월 2일

Tridge summary

The article reports that the Russian Federation's export ban on sugar, in place from May 6 to August 31, 2023, was aimed at stabilizing the country's domestic food market. The ban, which had exceptions for EAEU countries, was a response to a significant increase in sugar exports. Despite the successful harvest of 6.6 million tons of beet sugar in 2023, an increase of 10% from the previous year, the Ministry of Agriculture has no immediate plans to extend the export ban. Future decisions on export restrictions will be based on the new season's sugar beet harvest and will be made in collaboration with EAEU partners.

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

Original content

Moscow. September 2. INTERFAX.RU - The ban on sugar exports from the Russian Federation expired on August 31. The Ministry of Agriculture has no plans to extend it yet. The ban was in effect from May 6 of this year and was aimed at maintaining the stability of the Russian domestic food market, according to a government decree dated May 3 of this year. The decree provided for a number of exceptions. Thus, sugar supplies were possible to the EAEU countries in certain volumes. In particular, it was allowed to export 28 thousand tons to Armenia, 5 thousand tons to Belarus, 120 thousand tons to Kazakhstan, and 28.5 thousand tons to Kyrgyzstan. The ban was caused by concerns related to a sharp increase in sugar exports. As reported by the Ministry of Agriculture, Russia exported more than 700 thousand tons of sugar from August 1, 2023 to the end of February 2024, which is 3.3 times more than in the same period last season (the agricultural year for sugar begins on August 1). The export ...

Source: Interfax