(MENAFN- Trend News Agency)
Agriculture Minister Yerbol Karashukeyev insisted Tuesday there
will be no soaring sugar prices in Kazakhstan in the immediate
future, Trend reports citing Kazinform .
While addressing the Government's traditional meeting on
Tuesday, Minister Karashukeyev noted global sugar prices are
rising. In Kazakhstan, however, prices are quite stable at
KZT400-500 per kilo.
He revealed up to 32-35,000 tons of sugar will be produced in
the country in May, while June will see the production of 40-45
tons of sugar.
According to Karashukeyev, this is enough to meet domestic
demand and no sugar price hikes are expected in the foreseeable
future.
The Kazakh Agriculture Minister added that slip in sugar prices
will depend on global trends.
Earlier it was reported that Kazakhstan had imposed a 6-month
ban on sugar exports starting from May 23.
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