Russian sugar became cheaper by 28%
On 11 October, the wholesale price of sugar in the southern Federal district made up of 24,48 RUB for kg with the VAT. This is 28% below the level of the beginning of the year (34 RUB per kg). When compared with the end of June, when the figure reached to 42?5 RUB per kg, sugar became cheaper by 1,7 times.
«Agroinvestor» writes about it.
In January-August the production of sugar in Russia in comparison with the same period in 2016 increased by 37,5% — to 1,14 million tonnes. In particular, beet sugar production increased 1,8 times — to 1,1 million tonnes and import of raw sugar fell by 10 times — to 21,9 thousand tonnes.
The proportion of beet sugar production rose to 98,1% vs 73,5% a year earlier.
The Union of sugar producers of Russia noted that 2,35 million tonnes of beet sugar are already produced. This exceeds last year's level of 17,9%.
The Institute for agricultural market studies predicts that this season sugar production will reach 6,5 million tonnes. meanwhile, domestic demand is 5,8-5,9 million tonnes/