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Kaindy sugar factory exports beet to Kazakhstan at a loss 

23/11/16 10:40, Bishkek – 24.kg news agency, by Julia KOSTENKO

Kaindy sugar factory exports beet to Kazakhstan at a loss, the head of the Russian-Kyrgyz Development Fund Kubanychbek Kulmatov said today at a meeting with journalists.

According to him, the fund didn't delay funding to farmers. The problem arose from the fact that the plant can't process the collected crop of  sugar beet, which was particularly large this year.

Farmers planted 11,000 hectares of sugar beets and harvested 600,000 tons. However, the plant can process only 450,000 tons. Last year the acreage amounted to 4,500 hectares. "Farmers are not affected, since the contract was concluded in the spring. They got money for seeds, fuel, equipment and guarantee from the factory that the entire production volume will be bought. Now the plant at a loss has to export beet to Kazakhstan," Kubanychbek Kulmatov said. 

In 2017, it is planned to plant 17,000 hectares of beet. Consequently, the additional capacity is needed. Russian-Kyrgyz Development Fund has approved a project to support two sugar factories in Chui region - Koshoy JSC and Kaindy-Kant JSC by investing $15.5 million. 


URL: http://eng.24.kg/economics/182964-news24.html
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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