Kazakhstan has decided to ban sugar exports until the end of August to ensure an adequate supply for its citizens during the summer season, as reported by an official information source of the Prime Minister of the Republic of Kazakhstan.
The decision was made during a session of the Interdepartmental Commission on Foreign Trade Policy and Participation in International Economic Organizations, chaired by Deputy Prime Minister Serik Zhumangarin on May 6. The meeting focused on addressing the imminent shortage of sugar in the domestic market before the new sugar beet harvest arrives.
Currently, the nation’s sugar reserves are around 256,000 tons, covering only half of its annual consumption demand, which ranges between 500,000 to 550,000 tons.
Taszhurekov emphasized that the existing reserves are more than adequate to fulfill the demand until the new harvest arrives.
