Kazakhstan imposes a ban on sugar exports to third countries, including members of the Eurasian Economic Union (EAEU), until August 31, 2024, as reported on the website of the Government of the Republic of Kazakhstan.
It is noted that the balance of sugar reserves in Kazakhstan's warehouses and the volume of imports amount to about 256,000 tons, which is half of the country's annual demand (500-550,000 tons).
"The sugar and raw cane reserves in warehouses today amount to 136,000 tons. Together with the quota for the import of Russian sugar amounting to 120,000 tons until August 31, 2024, this totals about 256,000 tons. In addition, Kazakhstan has a quota for duty-free import of 300,000 tons of raw cane for processing until the end of 2024. The average monthly consumption is 46,000 tons, reaching up to 60,000 tons in the summer. The existing sugar reserves are more than sufficient to meet the demand for sugar until the new harvest," said Erbol Taszhurekov, Vice Minister of Agriculture of Kazakhstan.
Kazakhstan also plans to negotiate with Russian counterparts to increase the quota for the supply of Russian sugar by another 100,000 tons by the end of the year.
"To ensure uninterrupted sugar supply for Kazakhstanis, a collective decision was made at the Interdepartmental Commission meeting to temporarily ban the export of sugar from Kazakhstan to third countries, including EAEU member states, until August 31, 2024. This measure will not affect international transit," the statement reads.
