The volume of sugar trading on Russian commodity exchanges increased 3 times

The volume of sugar trading on Russian exchanges has exceeded last year's figures. The reason for this is the large supply of beet sugar from the new season's producers. The expansion of the range of price indicators in the sugar market is expected. Currently, indices are already being calculated for the Southern, North Caucasus, and Central Federal Districts.

19 September 2023

According to the National Commodity Exchange and the St. Petersburg International Trading Exchange, the total volume of sugar trading on Russian exchanges in the first two weeks of September was almost 3 times higher than the trading volume in August of this year. and amounted to 23,280 tons, which is 24% higher than the trading volume in September 2022.

The increase in exchange trading volumes is associated with an increase in the supply of sugar produced from sugar beets from the new season's harvest from producers.

As of today, 64 factories are processing sugar beets from the 2023 harvest, which is 2 more than last year. In total, 1.1 million tons of beet sugar have been produced since the beginning of the season.

Since August 25, 2023, the National Commodity Exchange (NTB, part of the Moscow Exchange Group) has been calculating and daily publishing a new family of national price indicators - daily regional sugar market indices. The new indices complement the existing group of weekly regional over-the-counter indicators on NTB.

Currently, NTB daily calculates two indices - the first, reflecting the cost of sugar in the Southern and North Caucasus Federal Districts, and the second - in the Central Federal District. The Volga Federal District index will be launched later, as sugar production in this region increases in the new season.

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Source: Некоммерческая организация "Союз сахаропроизводителей России"

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