International Sugar Journal

Belarus, Kazakhstan and Russia: Three countries – one sugar market † [Full subscriber]

At the end of 2009, Belarus, Kazakhstan and Russia set up a Customs Union with common import tariffs to become effective from January 1st 2010. as a result, the world economy is witnessing the creation of a new common market with a combined population of 170 million people. In sugar terms, the new economic entity consumes nearly 6.2 million tonnes a year while domestic production does not exceed 4 million tonnes, making the new Custom Union an important driver of the world sugar market with regard to import demand.…

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