Estonia, a promised land of black sugar

Estonian sugar traders and tax authorities suspect that up to a half of sugar sold in Estonia may be either smuggled or used in VAT fraud, writes Äripäev.

The tax authority estimates that last year the state lost around EUR 0.2m from illegal sugar trade.

Sugar trader Alo Süvari from Montemar says that trade statistics shows that sugar imports to Estonia have decreased by a third in the last two years.

„I estimate that out of 40,000 tons of sugar imported to Estonia every year, black sugar could account for up to 15,000 tons,” he said, adding that his company has been offered to buy the company’s own sugar at prices that are lower than his sales price.

Sirje Potisepp, head of the Estonian association of food producers, says that black sugar market could be one reason why the price of sugar in Estonia is notably higher than in Europe.

Read more from BBN

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