New regulatory measures are being prepared for the sugar market

May 17. FINMARKET.RU – On the eve of the expiration of the agreement on fixing prices for sugar on June 1, the Ministry of Agriculture began to consider new measures to regulate the market, among them – the creation of an intervention fund to stabilize prices, as well as the continuation of quotas for duty-free imports. This, as reported by Kommersant, said the deputy head of the Ministry of Agriculture Oksana Lut at a meeting with major manufacturers of confectionery and soft drinks on May 13. The newspaper refers to the audio recording of the meeting. In addition, the regulator wants to switch processors to purchase raw materials from the state-controlled United Grain Company (UGC), which will allow local sugar factories to supply retail products. Business is skeptical about the measures and is preparing for “exorbitant” sugar prices in 2022, Kommersant writes.

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