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03 August 2022, 13:26

PM: Belarus' sugar reserve stock exceeds estimated demand by 20,000-25,000t

NESVIZH DISTRICT, 3 August (BelTA) – There is sufficient sugar stock in the country. The reserve stock exceeds the estimated demand by 20,000-25,000 tonnes, Belarusian Prime Minister Roman Golovchenko said as he visited Gorodeya Sugar Refinery on 3 August, BelTA has learned.

"There is enough sugar in the country before the new harvest comes in. We keep a stock higher than the estimated demand. The reserve stock exceeds the estimated demand by 20,000-20,000 tonnes," said Roman Golovchenko.

According to him, this practice will be repeated next year. "We create stocks every year, because we see these regular bursts of interest in sugar due to various factors. Although I continue to urge everyone to eat less sugar, to be healthier," the prime minister said.

This year, there was a rush demand for sugar in some regions. "This wave lasted no more than five days. During that short period we sold four times more than usual. Well, someone wanted to invest in sugar. We have enough of it," Roman Golovchenko added.

This year, plans are in place to sell 380,000 tonnes of sugar domestically. Next year the goal is 400,000 tonnes, taking into account the growth of production volumes in the confectionery industry. “The reserve stock will, too, be higher 20,000-25,000 tonnes in excess of the estimated demand. We have the opportunity to maneuver because there are export quotas. If we see that the volume of consumption in the domestic market is growing, for example, a new confectionery factory opens, then we will reduce the export quota. Therefore, the stock is sufficient, enough for confectioners and sweet lovers," the head of government emphasized.

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