Sugar exports from Russia have intensified, according to ICAR

This will remove excess production from the domestic market. Sugar exports from Russia have intensified from August to September, leading expert of the Institute for Agricultural Market Studies (IKAR) Evgeny Ivanov told Agroinvestor. “We have returned to almost all markets accessible to Russia by rail - these are deliveries to the CIS countries and Mongolia. Also, automobile deliveries to Afghanistan have already begun, and we are delivering some to Serbia. From the end of October, supplies of raw beet sugar by grain hoppers to Uzbekistan began (in the 2019/20 season they exceeded 100 thousand tons). A strong return to all these markets suggests that the price in Russia is low. Active exports will allow us to remove excess sugar from the domestic market, which is noticeably higher than the volume of consumption. As a result, prices may balance out in a few months,” says Ivanov. At the moment, his estimate of sugar production in the Russian Federation, taking into account the ...