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Belarus is trying to curb its massive exports to Russia by raising sugar prices

Photo: Belgospischeprom

The current increase in sugar prices is a preventive measure, taking into account the current market conditions, explained Belgospischeprom.

Selling prices of sugar, which have not changed since 2016, will increase in Belarus. This is done to prevent large-scale sugar exports to neighboring Russia, Interfax reports in connection with Belarusian Belgospischeprom on Friday, April 15.

“The current change in the sale price is a preventive measure, taking into account the current market conditions. Against the backdrop of a two-fold price gap in the Russian Federation, experts predict the possibility of mass sugar exports outside Belarus, ”the report said.

The concern noticed a significant increase in demand for sugar. If in January-March 2021, 1-1.5 packs of sugar were sold per capita per month, then in March of this year, approximately 3 kg of sugar left store shelves per Belarusian.

“It is clear that a person can not consume sugar in such quantities. Therefore, now we are forced to take measures to protect the domestic market and increase the selling price of products by 60 kopecks per 1 kg,” said Oleg Zhidkov, chairman of the concern.

There are four sugar businesses in Belarus: Skidel Sugar Plant, Slutsk Sugar Refinery, Gorodeya Sugar Plant, Zhabinka Sugar Plant. The total daily production can reach 4.8 thousand tons.

It will be recalled that after the start of the “special operation” in Ukraine and the sanctions imposed by Western countries, Russian citizens rushed to the shops to buy sugar, buckwheat and condoms. In some supermarkets, the Russians fought over sugar and buckwheat.

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Source: korrespondent

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