Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s Central Bank does not expect the introduction of an annual sugar import quota of 300,000 tonnes from 2027 to create significant inflationary risks.
Central Bank Deputy Chairman Nodirbek Achilov made the statement at a press conference on 4 November in response to a question from a Spot correspondent.
According to Achilov, sugar is one of the components of food inflation. However, its prices have remained relatively stable since the beginning of 2026 and have not recorded significant increases.
The Central Bank official said this had limited the impact of sugar price movements on overall inflation.
“Therefore, at present, we do not see major risks related to sugar,” the deputy chairman said.
He also said the regulator expects food inflation to decline in 2027 compared with its current level. Uzbekistan’s inflation basket contains 517 types of goods, including sugar.
The sugar import quota is stipulated in confidential Cabinet of Ministers Resolution No. 417 dated 30 July. Under the document, annual sugar imports will be capped at 300,000 tonnes from 2027.
Of this amount, 100,000 tonnes each will be allocated to manufacturers of beverages, confectionery and other food products.
Information about the resolution emerged in late October.
The government will approve the annual quota volume in November based on substantiated proposals from the Ministry of Economy and Finance, the Competition Committee and the National Statistics Committee.
The established volumes are expected to be reviewed every six months. Quotas will be allocated through online auctions.
