Russian and Kazakh sugar news, March 02, 2021

Latest news are available in our daily reports.

RUSSIA

The Ministry of Industry and Trade of the Russian Federation does not plan to extend the agreements that limit the maximum selling price of sugar and sunflower oil in Russia, said Deputy Minister of Industry and Trade of the Russian Federation Viktor Yevtukhov. In his opinion, robust regulation breaks down logistics and product supply chains.

KAZAKHSTAN

Minister of Trade and Integration of Kazakhstan Bakhyt Sultanov proposed to discipline deputy akims in regions where prices for socially significant goods are rising.

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The deficit of domestically produced sugar is 240 thousand tons, or more than half of the demand. Sufficiency of the domestic market is expected through the modernization of the sugar plant in the Almaty region, as well as the construction of a new sugar plant in the Zhambyl region with a capacity of 150 thousand tons of sugar, said the Minister of Agriculture of the Republic of Kazakhstan Saparkhan Omarov.

Sugar.Ru

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News in English (delayed)