Tridge summary
Preliminary data for the 2023/24 season shows a shift in sugar beet pulp export deliveries, with China taking a 56% share and Turkey and Morocco receiving 32% and 7% respectively, as the European Union (EU) has become a less significant market due to sanctions. Russia's annual production of granulated pulp ranges from 1.6 to 1.9 million tons, with most of it being exported, but the EU's introduction of sanctions and high duties has impacted exports, leading to the production of molasses pulp for the EU market. China's high transport costs for pulp and potential alternative markets in Iran and Turkey indicate ongoing adjustments in Russia's sugar beet pulp export strategy, with major producers like Prodimex Group and the Labinsky agrocomplex pivoting towards China and optimizing logistics to support these markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to preliminary data from Sugar.ru, in the 2023/24 season, China's share in export deliveries of granulated sugar beet pulp was 56%. 32% of deliveries went to Turkey, 7% to Morocco. For a long time, the main buyer of this product was the European Union, but due to sanctions, our producers have to look for alternative sales channels. Since July 1, the current duty on deliveries of soft wheat from Russia to the EU is 95 euros per ton, durum wheat - 148 euros, barley and rye - 93 euros, oilseeds, oil, meal and sugar beet pulp - 50% of the customs value. The annual production of granulated pulp in Russia is 1.6-1.9 million tons, depending on the harvest, with most of it supplied for export, Vadim Gomoz, director of Sugar.ru, told Agroinvestor. However, in the 2022/23 season, the EU added pulp to the sanctions list, as a result of which exports fell from 1.3 million tons in the 2021/22 season to 600 thousand tons a year later. The expert clarifies that after the introduction ...
Source: AgroInvestor
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