The Russian government has temporarily banned sugar exports

Published 2024년 5월 4일

Tridge summary

The Russian government has imposed a temporary ban on the export of sugar and pure sucrose solid form products until August 31, 2023, to prevent domestic shortages. However, exports to Eurasian Economic Union (EAEU) countries, including Belarus, Armenia, Kyrgyzstan, and Kazakhstan, are excluded with specific volume limits. The decision aims to maintain the stability of the domestic food market, despite the steady global demand for Russian sugar, which is one of the most affordable food products. The move was influenced by the forecast for domestic production and Russia's needs, yet the country does not face a sugar shortage domestically, as it produced 6.6 million tons of sugar in the last agricultural year, a 10% increase from 2022, with a record harvest of 53.1 million tons of sugar beets.

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Original content

The Russian Government has introduced a temporary ban on the export of beet or cane sugar, as well as chemically pure sucrose in solid form. We are talking about products with product code 1701 TN for foreign economic activity (FEA) of the Eurasian Economic Union (EAEU). It will be valid until August 31 of this year. The exception will be the supply of these products to the EAEU countries. Also, for the first time, specific volumes were announced for each of them. They will be the least for Belarus – no more than five thousand tons. Delivery of up to 28 thousand tons is allowed to Armenia, 28.5 thousand to Kyrgyzstan, and the largest part can be exported to Kazakhstan - 120 thousand tons. The Government instructed the Ministry of Agriculture to distribute these volumes among domestic exporters. They are also agreed upon with the authorities of the respective countries based on their current needs. However, other exceptions such as supply as humanitarian aid, within the framework ...

Source: Rosng