Plant In Kazakhstan Receives Funding As Part Of Measures To Curb Sugar Prices
Date
11/14/2022 3:12:58 PM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 14. A sugar refinery
in Kazakhstan will receive funding as part of measures to curb
sugar prices in the country, reports on Monday, citing the government of
Kazakhstan.
This became known during a working trip of Deputy Prime Minister
- Minister of Trade and Integration Serik Zhumangarin to the
Zhetysu region.
While inspecting the Koksu Sugar Plant, the Deputy Prime
Minister discussed with the management of the enterprise the
nuances of implementing a new approach - allocating financing
directly to producers. The processing capacity of sugar beet at the
Koksu sugar plant is 2,000 tons/day, raw sugar - 340 tons/day. In
2021, the volume of sugar production amounted to 48.7 thousand
tons, of which 13.2 thousand tons is beet sugar, and 35.5 thousand
tons is raw sugar.
In the first half of October of this year, a memorandum of
cooperation was signed between the Trade Committee, social and
entrepreneurial corporations and sugar factories to curb sugar
prices in the country. At the moment, in 13 regions, loan
agreements are at the stage of approval and signing. A loan
agreement with the Koksu Sugar Plant for a total amount of 5.6
billion tenge is at the final stage.
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