...

Belarus becomes one of largest sugar exporters to Uzbekistan

Business Materials 29 July 2020 18:19 (UTC +04:00)
Belarus becomes one of largest sugar exporters to Uzbekistan

BAKU, Azerbaijan, July 29

By Ilkin Seyfaddini - Trend:

Belarus exported 7,185 tons of sugar to Uzbekistan in the period from January through May 2020, representative of Russian Union of Sugar Producers told Trend.

According to preliminary data of Sugar Producers Union, during the period from January through May 2020, sugar exports from Belarus to Uzbekistan amounted to $2.1 million.

"During the same period of 2019, Uzbekistan received more than 10,000 tons of sugar from Belarus valued at $3.4 million," the message said.

Belarus became the second largest sugar exporter of Uzbekistan, after Russia. Russia exported over 214,000 tons of sugar to Uzbekistan in the first half of 2020.

In May 2020, it was reported that the Angren Shakar LLC plant produced hundreds of tons of sugar, which was being stored at warehouses. According to the plant workers, demand for local sugar has fallen after cheaper sugar was brought to the Uzbek market from abroad.

But according to the source in Russian Union of Sugar Producers, demand for local sugar in Uzbekistan has fallen after the government of the country decided to cancel excise tax on white sugar.

The two largest sugar factories in Uzbekistan, Angren Shakar LLC and Khorezm Shakar LLC, have ceased operations in July 2020.

---

Follow author on Twitter: @seyfaddini

Tags:
Latest

Latest