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22 July 2022, 14:05

PM: There is enough sugar in Belarus, no price rise is expected soon

Roman Golovchenko. An archive photo
Roman Golovchenko. An archive photo

MINSK, 22 July (BelTA) – Belarus has sufficient sugar reserves; sugar prices will not rise any time soon, Prime Minister Roman Golovchenko told reporters on 22 July, BelTA has learned.

“Every year some rumors emerge causing panic buying; people start stocking up on sugar, and after that they don't know what to do with it. Now again panic has arisen out of nowhere. Last year we harvested 530,000 tonnes of sugar. Of them 370,000 tonnes stayed in Belarus. Now we have 98,000 tonnes in warehouses. And this stock is enough to last until the next harvest,” said Roman Golovchenko.

According to him, Belarus held back sugar exports. “We took this step, received less revenue, but created a large stabilization reserve in case panic buying starts up again. And now, even if people continue to buy sugar in large quantities, we will not run out of sugar,” the prime minister noted.

The head of government said that sugar is not the best investment, its consumption should be reduced. “As for the price, it was not increased at the beginning of the week or at the end of the week and it will not be increased today, or tomorrow, or in the near future,” Roman Golovchenko added.

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