BAKU, Azerbaijan, Aug. 3
By Ilkin Seyfaddini - Trend:
Uzbekistan imported 34,200 tons of brazilian raw cane sugar worth $14.1 million in the period from January through June 2020, Trend reports referring to the data of State Statistics Committee of Uzbekistan.
In the period from January through June 2019, total volume of imports of raw cane sugar amounted to 198.500 tons ($81.9 million), including 145.500 tons ($60.5 million) from Brazil.
In the period January through June 2020, a significant part of Uzbekistan's sugar exports was Russian raw beet sugar, which amounted to 97.300 tons worth $39.7 million.
According to Russian Union of Sugar Producers, in 2019, Uzbekistan received more than 130,000 tons of sugar from Russia in the amount of $48 million. The maximum was fixed in March 2020, when Russia exported more than 53,000 tons of sugar to Uzbekistan.
As was reported, in May 2020, Uzbekistan's Angren Shakar LLC plant produced hundreds of tons of sugar, which was being stored idle at warehouses. According to the plant representatives, demand for local sugar has fallen after cheaper sugar was brought to the Uzbek market from abroad.
However, 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.
As a result, two largest sugar factories in the country, Angren Shakar LLC and Khorezm Shakar LLC, have ceased operations in July 2020 due to decreased demand for local sugar.
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