Russia increases sugar beet pulp exports by 1.3 times

Published 2024년 12월 6일

Tridge summary

Russia's sugar beet pulp exports, including molasses, saw a significant increase of 1.3 times in January-November 2024, reaching over 1.4 million tons, with the top importers being China, Latvia, and Turkey. However, the domestic market for pulp is underdeveloped due to poor utilization by feed producers and livestock breeders, necessitating exports. The rise in exports to China is attributed to the country's container import and export logistics, but the high logistics costs limit the export sales potential. Experts recommend establishing domestic sales markets, expanding shipments to neighboring countries, and seeking state support for modernizing factory warehouses to maintain profitability and prevent undervaluation of pulp in the international market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to estimates by the Agroexport center, in January-November 2024, the export of sugar beet pulp (including molasses) exceeded 1.4 million tons (including 647 thousand tons of molasses), which is 1.3 times more than in the same period last year. The top 3 importing countries are China (29%), Latvia (20%) and Turkey (19%). According to preliminary calculations by Agroexport, by 2030 the volume of sugar beet pulp exports may reach 1.6 million tons. Leading expert of the Institute for Agricultural Market Studies (IKAR) Evgeny Ivanov notes that the structure of the pulp market has been relatively stable for more than 15 years: the domestic sales market is small - it is developing, but slowly. "At the same time, potential sales of pulp in Russia, taking into account our existing livestock population and the standards for introducing this component into the diet, which have been developed by feeding specialists, are an order of magnitude higher than the actual volumes of its ...

Source: AgroInvestor