Tridge summary
Russian sugar factories produced a record 6.6 million tons of beet sugar in 2023, an increase of 670 thousand tons from the previous year. 40 out of 66 sugar factories are currently processing sugar beets from the 2023 harvest, with daily production exceeding consumption by 7.4 thousand tons. The increase in sugar production is attributed to an anticipated beet harvest of 52.5 million tons, an increase in yield, and higher sugar content in the beets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Moscow. January 17. INTERFAX.RU - Russian sugar factories produced 6.6 million tons of beet sugar in 2023, which is 670 thousand tons more than in 2022, Soyuzrossakhar reports. “This production volume became the second record figure after 2019 in the entire history of the Russian beet sugar industry,” the statement says. According to the union, 40 out of 66 sugar factories are currently continuing to process sugar beets from the 2023 harvest. Last year at this time 29 factories were operating. Daily sugar production is 19 thousand tons, which is 7.4 thousand tons higher than daily consumption. In February, sugar beet processing will continue at 16 factories. Some sugar factories will continue to operate in March. Expected sugar production in the first quarter of this year could be about 750 thousand tons, more than double the first quarter average over the past three years. As reported, the Institute for Agricultural Market Studies (IKAR) forecasts sugar production this season ...
Source: Interfax
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