The 'Rusagro' group of companies has increased sugar production and sales in the first quarter of 2024.

The Russian group of companies "Rusagro" has shown an increase in sugar production and sales in the first quarter of 2024. Production has increased by 88%, reaching 129,000 tons, while sales volume has grown by 26%, reaching 187,000 tons.

28 April 2024

The Rusagro group of companies presented operational performance indicators for the first quarter of 2024, focusing solely on the sugar segment.

Indicators for the first quarter of 2024

Sugar Segment

Sugar Production

In the first quarter of 2024, the Rusagro company produced 129 thousand tons of sugar, which is 88% (+60 thousand tons) higher than in the same quarter of the previous year. The production growth is due to an increase in beet harvesting in the 2023/2024 season compared to the 2022/2023 season.

Sugar Sales Volumes

In the first quarter of 2024, the sugar sales volume of the Rusagro company increased by 26% (+39 thousand tons) compared to the same quarter of the previous year, reaching 187 thousand tons. Sales were conducted considering the market situation, and the increase in sales volumes is associated with the production growth.

Operational Indicators for the First Quarter of 2024

Name	Q1 2024	Q1 2023	Changes, %
Total Revenue*, million rubles	71,718	49,389	45%

Sugar Business, thousand tons
Sugar Production Volume	129	69	88%
Sugar Sales Volume	187	148	26%

Sugar Beet Sales Volume	0	494	(100%)

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The 'Rusagro' group of companies has increased sugar production and sales in the first quarter of 2024.

The Russian group of companies "Rusagro" has shown an increase in sugar production and sales in the first quarter of 2024. Production has increased by 88%, reaching 129,000 tons, while sales volume has grown by 26%, reaching 187,000 tons.

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