News in Brief:
– Uzbekistan’s Ministry of Agriculture assures citizens of stable sugar supply despite global concerns over a Russian export ban.
– Robust domestic production and reliance on imports from Brazil and India safeguard the country against potential shortages, bolstering market confidence.
Despite global concerns over a potential sugar shortage, Uzbekistan’s Ministry of Agriculture assures citizens of ample supply and stable prices, debunking rumors fueled by a temporary export ban from Russia.
Contrary to fears sparked by the Russian export ban, Uzbekistan stands firm in its assurance of sugar abundance. With key imports sourced from Brazil and India, constituting 98% of total supply, Uzbekistan remains largely insulated from external disruptions. Last year alone, imports tallied an impressive 762 thousand tons, securing the nation’s sugar needs.
Powered by robust domestic production, Uzbekistan boasts two major sugar refineries, Angren Shakar and Khorazm Shakar, churning out over 900,000 tons annually. This formidable output eclipses local demand, estimated between 650,000 to 700,000 tons, further fortifying the nation’s resilience against potential shortages.
The Ministry of Agriculture issues a stern warning against succumbing to speculative narratives, cautioning citizens against unwarranted panic. Noting a recurrent pattern of misinformation preceding each season, the ministry urges vigilance in discerning fact from fiction, underscoring the need for collective resilience amidst external pressures.
While reports of Russia’s export ban until August 31, 2024, triggered speculations, Uzbekistan’s steadfast assurance reaffirms its commitment to market stability. By addressing concerns head-on and emphasising domestic strength, the nation fosters confidence among local farmers and consumers alike.
