The Ministry of Agriculture proposed to ban the export of sugar from Russia until August 31

Published Mar 12, 2024

Tridge summary

The Russian Ministry of Agriculture is planning to ban the export of sugar, including cane or beet sugar and chemically pure sucrose, until August 31, 2024. This move is in response to concerns about the increased supply of sugar abroad and the need to maintain sufficient stocks for the new season. However, the ban will not affect sugar exports to the EAEU countries within certain limits. This comes after a significant increase in sugar exports from Russia since the fall of 2023, which reached 442 thousand tons by mid-February 2024.

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Original content

Moscow. March 12. INTERFAX.RU - The Ministry of Agriculture has prepared a draft government decree banning the export of sugar from Russia until August 31, 2024. The document is posted on the website regulation.gov.ru. “To establish, from the date of entry into force of this resolution until August 31, 2024 inclusive, a temporary ban on the export of cane or beet sugar and chemically pure sucrose in the solid state (code 1701 of the EAEU HS) from the Russian Federation,” the draft says. The document provides for a number of exceptions. In particular, the ban will not apply to sugar exported to the EAEU countries within the volumes provided for by the indicative balances. But at the same time, export permits are required, issued by the Ministry of Agriculture in accordance with the procedure approved by the ministry itself. As Interfax sources previously reported, the possibility of banning the export of sugar was discussed at the Ministry of Agriculture at the end of February. The ...

Source: Interfax