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Russian market - Latest Sugar News - Fork Cast

Current information on the topic Russian market - Latest Sugar News - Fork Cast

A week №47 2024

Chishminsky plant has started delivering sugar beet pulp to Uzbekistan, increasing volumes up to 1000 tons per month.

The Chishmin Plant in Bashkortostan has started supplying sugar beet pulp to Uzbekistan. A batch of 20 tons was sent in November, with plans to increase the volumes to 1000 tons monthly. Beet pulp is in demand in Uzbekistan's livestock farming and is considered an effective feed additive.

The plant has expanded its capacity after modernization and changed its strategy, focusing on supplies to China and Kazakhstan.

A week №42 2024

Agricultural campaign in Kursk region in 2024: extreme conditions and sugar beet harvest collection in a challenging situation.

In 2024, farmers in the Kursk region harvested around 2 million tons of sugar beets, which is 23% less than the previous year, due to extreme conditions.

The average yield is 434 centners per hectare.

The sugar beet harvest in the EAEU countries reached 31.8 million tonnes, with Russia leading in sugar production.

The sugar beet harvest in the EAEU countries this year amounted to more than 31.8 million tons, with an increase in yield in Belarus, Kazakhstan, and Russia.

There are a total of 73 sugar processing plants operating in the EAEU territory, where 2.85 million tons of sugar were produced.

Production of sugar in Tatarstan is expected to increase: higher yield and stable prices.

In Tatarstan, an increase in sugar production is expected compared to last year. 61% of the beet planting area has already been harvested, with a yield of 457 centners per hectare. It is planned to harvest more than 2 million tons. There will be no sugar shortage, and prices will remain stable.

A week №41 2024

The Ministry of Agriculture of Russia is turning to the Prophet Ilya for rain to ensure a successful sowing of winter crops.

The Ministry of Agriculture of Russia has noted the lack of rain for the successful sowing of winter crops. Planting 20 million hectares has faced problems due to lack of moisture. The solution to the problem may depend on the weather, so calling upon the Prophet Elijah is considered possible.

In Russia, sugar beet production is decreasing, while the sugar content is increasing, according to the Ministry of Agriculture analysis.

In 2024, sugar beet production in Russia is expected to decline by 20% to 42 million tons. The yield has decreased by 20.7%, but the sugar content in some regions has increased to 18-20%. In Bashkortostan, the yield has increased, but the sugar content has fallen. The plant in the region will be able to process up to 1 million tons of beets.

Prices for sugar are stabilizing against a backdrop of overproduction and unfavorable conditions in the production regions.

Wholesale prices for sugar have slightly decreased after the increase. The main factors contributing to the price hike include: weakening of the ruble, increase in global prices, proximity to conflict zones, and a dry September. The most critical situation is observed in the Voronezh, Tambov, and Belgorod regions.

The sugar production forecast is 6.3-6.4 million tons. The cost of sugar production ranges from $713.9 to $926.92 per ton. The volume of Russian sugar exports has increased, with one-third directed beyond the EAEU.

The Ministry of Industry and Trade proposed to increase subsidies for agricultural machinery by $22.6 million to stimulate sales.

The Ministry of Industry and Trade has proposed to increase funding for the program to reduce prices for agricultural machinery by 2.2 billion rubles, totaling 10.2 billion. Sales of machinery have decreased, experts see benefits for the plants in the program, but not for farmers. A market decline of 5-10% is forecasted.

Record sugar beet crop is expected: 42 million tons for the current season.

It is expected to harvest 42 million tons of sugar beets this season, according to the Minister of Agriculture Oksana Lut.

The sugar beet harvest in the Kursk region has reached two million tons, with a yield of 430 c/ha.

In the Kursk region, 2 million tons of sugar beets have already been harvested with a yield of 430 c/ha. Active work is being carried out to continue the harvest.

A week №40 2024

"Sugar reserves in Russia increased by 49.70% and reached 223.10 thousand tons by September 1, 2024 - Rosstat data."

The sugar stocks in wholesale trade as of September 1, 2024 increased by 49.70% and amounted to 223.10 thousand tons, according to data from Rosstat and Sugar.Ru.

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