Volga Baikal AGRO NEWS Update on the New Regime of Export Agreements on the Sugar Market !!!

The RF Ministry of Agriculture extended the regime of export agreements on the sugar market for the new agricultural year !!!

Volga Baikal AGRO NEWS Update on the New Regime of Export Agreements on the Sugar Market !!!

The RF Ministry of Agriculture extended the regime of export agreements on the sugar market for the new agricultural year !!!

In April 2020, Russian Prime Minister Mikhail Mishustin signed a resolution allowing the creation of an export association in the sugar market.

The Ministry of Agriculture of the Russian Federation extended the regime for restricting the export of sugar under export agreements for the 2022-2023 agricultural year (July 1, 2022 – June 30, 2023). This is stated in the order of the Ministry of Agriculture, posted on the official portal of legal information.

“I order: to determine, based on the balance of supply and demand of white sugar and (or) raw beet sugar in the domestic market, for the period from August 1, 2022 to July 31, 2023 (inclusive) the allowable total volume of exports of white sugar and (or) beet sugar – raw materials outside the customs territory of the Eurasian Economic Union during the period of general exemptions in respect of agreements between economic entities engaged in the production and (or) sale of white sugar and (or) raw beet sugar, the subject of which is the export of white sugar and (or) beet sugar -raw”, – the document says.

As previously reported, in April 2020, Russian Prime Minister Mikhail Mishustin signed a resolution allowing the creation of an export association in the sugar market. The developer of the document is FAS.

MOSCOW, 21 June. TASS

Source: TASS.ru

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