Latest Sugar News - Incubator

On November 20, 2024, trading sessions on white sugar were held at the National Commodity Exchange and the Saint Petersburg Exchange.

10 contracts for 820 tons were sold at a price range of 55480-56500 rubles per ton, and one contract for 200 tons at 54500-56000 rubles per ton.

The maximum prices at the National Commodity Exchange and the Saint Petersburg Exchange were 56500 and 56000 rubles per ton respectively.

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.

As part of the project in Bashkortostan, the export of agricultural products continues. The "Raevsakhar" and "Chishminsky" factories have processed 632 thousand tons of sugar beets, yielding 88 thousand tons of sugar.

3.2 thousand tons of sugar beet pulp have been sent to China, with the total volume of feed exports to the EU, EAEU, and China since the beginning of the year amounting to 119.33 thousand tons.

Agrosila has successfully completed the sugar beet harvest, collecting 1.347 million tons from 29,495 hectares. The average sugar content will be 18.3%.

The Zainsky Sugar Plant plans to produce 197.4 thousand tons of sugar, investing 5.4 billion rubles by 2030.

Agricultural enterprises of the Southern Federal District are close to completing the sugar beet harvest. The best results were shown by firms in the Krasnodar Krai, but the weather negatively affected the yield. In the Voronezh region, the harvest is completed, in the Kursk region - earlier due to drought.

The Sergach plant has increased its productivity to 4,500 tons of sugar per day thanks to the new team. Reconstruction is planned to achieve a volume of 5,000 tons by 2025. This season, it is planned to harvest 450,000 tons of beets with a planned amount of 400,000 tons. As of October 28, 188,000 tons have been processed.

On November 7, spot trading was held at the National Commodity Exchange, where 1020 tons of sugar were sold, and commodity auctions, where another 20 tons were sold. The prices for sugar vary: from 55,000 to 59,000 rubles per ton. The highest price was recorded in the Southern Federal District.

In the Lipetsk region, it is planned to increase sugar beet cultivation by 3,000 hectares by 2024. Already 4 million tons of beets have been harvested, producing 490 thousand tons of sugar in six plants. The region holds the second place in the country in sugar production and is in the top 5 for sugar content indicators.

The Ministry of Industry and Trade is studying proposals to increase the environmental disposal fee for agricultural machinery, increasing the coefficients by 5 times for certain types starting from 2025, and conducting annual indexation by 15% from 2026 to 2030. The indexation will not affect the prices of domestic and Belarusian machinery, supported by fixed prices. Measures to support domestic producers include subsidies, financial support, and incentive programs.

In Kursk, over 4 million tons of sugar beets were harvested with a yield of 447 c/ha on 90.5 thousand hectares. 1.753 million tons of sugar beet were processed at the factories. It resulted in 274 thousand tons of sugar and 65 thousand tons of granulated beet pulp.

At the March trading platform in New York, the price of sugar SBH25 increased by 0.14 (22.22; +0.63%). On the ICE London exchange, the price of sugar SWZ24 increased by 5.70 (576.90; +1.01%) due to the expected reduction in rains in the Central-South region of Brazil. Showers are predicted to be in lesser volume.

In the Kursk region, sugar beet harvesting is coming to an end. 90.5 thousand hectares of plantations have been harvested, which is 86% of the planned area. The yield reached 447 c/ha, with over 4 million tons of beets harvested.

7 factories process the roots, producing over 274 thousand tons of sugar and 65 thousand tons of beet pulp.