News Column

Kaindy sugar factory artificially raised sugar prices – First Vice PM

July 28, 2014

Kaindy sugar factory in collusion with other sales outlets artificially raised sugar prices, First Vice Prime Minister Tairbek Sarpashev said on July 26.

The factory in collusion with other firms raised the sugar price up to 70 som every year since May to October and asked introduction of duties up to 30% for imported sugar, except for sugar from Belarus.

"This situation won't happen this year. We announced we will make intervention. They raised sugar prices during homemade jam making season. When sugar beet is harvested, they would buy it from farmers at low prices," Vice Prime Minister Sarpashev emphasized.

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Source: AKIpress News Agency (Kyrgyz Republic)

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