Ukrainian government lifts sugar export restrictions for Romanian market
The Ukrainian government has lifted restrictions on sugar exports to Romania, which faced a potential shortage due to Ukraine's previous blanket ban
The Cabinet of Ministers allowed the export of sugar to Romania, the representative of the government in the Verkhovna Rada, Taras Melnychuk, said.
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At the end of May, the government temporarily introduced a zero quota for sugar exports until September 15, 2023. The Ministry of Economy stated that the ban on the export of sugar from Ukraine was introduced because it could be in short supply in the summer.
After that, the Romanian media reported that the lack of sugar from Ukraine could lead to its deficit on the Romanian market.
Today's decision cancels the zero export quota and sets it at 20,000 tons, licenses will be issued for supply to Romania based on the approvals of the Ministry of Agriculture.
On May 12, the Cabinet of Ministers canceled the export licensing of most products, with only buckwheat and sugar remaining on the list.
In the spring of 2023, global sugar prices rose to an 11-year high due to reduced exports from key supplier India, as well as Pakistan and Thailand.