Russian and CIS sugar news, July 01, 2021

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At a press conference, Ukrainian food producers stated that they are concerned about the situation with sugar prices and called on the Ukrainian government to support the bill "On the establishment of a tariff quota for the import of white sugar into Ukraine." As it was announced at the event, in the conditions of a significant imbalance in the sugar market, there is every reason to temporarily reduce the customs rate for white sugar imports to 0% within a small quota of 60 thousand tons (less than 5% of the total sugar consumption in Ukraine), which will balance supply and demand in the domestic market


The EAEU Collegium agreed on the extension of state regulation of prices for socially significant commodities in the Republic of Belarus until September 23, 2021 inclusive.


According to the FCS, in the first quarter of 2021, Azerbaijan imported 81 thousand tons of sugar (HS 1701): 4.3 thousand tons of white sugar and 76.7 thousand tons of Brazilian raw sugar. Azerbaijani export for the first quarter amounted to 18 thousand tons of white sugar, of which 14.4 thousand tons went to Turkmenistan.



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