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    Uzbekistan Economics

    Uzbekistan maintains sugar supply stability despite Russian export limitations

    Uzbekistan maintains sugar supply stability despite Russian export limitations

    Uzbekistan's Ministry of Agriculture announced that the impending restrictions on sugar exports from Russia will not affect the country's sugar availability. Uzbekistan's annual sugar consumption fluctuates between 650,000 and 700,000 tonnes. Notably, the nation's sugar production infrastructure, spearheaded by enterprises such as Angren Shakar and Xorazm Shakar, significantly exceeds domestic needs, with an annual output surpassing 900,000 tonnes.

    Photo: Sugar
    Source: Taste of Home

    These facilities collectively contribute approximately 2,100 tonnes of sugar to the market daily, against an average sales figure standing at 300 tonnes. Such production capacity not only meets local demand but also ensures a stable supply in the face of international market volatility.

    The ministry further elaborated on Uzbekistan's import dynamics, highlighting Brazil and India as the primary sources of sugar raw materials. These two countries alone constitute 98% of Uzbekistan's sugar imports, with a total of 762,000 tonnes of sugar procured from them in the previous year.

    Asserting the country's preparedness to navigate global sugar market fluctuations, the Ministry of Agriculture disclosed that Uzbekistan maintains a sugar reserve sufficient for four months.

    The backdrop to Uzbekistan's reassurance regarding its sugar supply includes recent news from Sugar.ru about Russia's decision to cap sugar exports by the end of August this year. 

    Earlier it was reported that the significant investment by Egyptian firm Nile Sugar amounted to $500 mn for sugar production enhancements in Uzbekistan's Jizzakh region.

     

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    09.04.2024, 08:30   Comments (0)   1649
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