Sugar exports from Russia last year were the second highest in history

Published 2025년 4월 11일

Tridge summary

In 2024, Russia achieved a significant milestone in its sugar export history, successfully exporting approximately 1 million tons of sugar, a 30% increase from the previous year. This performance is marked as the second highest in the country's history, with an anticipated shipment of 850 thousand tons in the latter half of the year, despite potential global market price drops. The Eurasian Sugar Association's Chairman, Andrey Bodin, commends the potential for growth in raw sugar exports, which saw a substantial increase from 45 thousand tons in 2023 to 260 thousand tons in 2024, with a projected production of 550 thousand tons in 2025. This growth is supported by the inclusion of 19 factories in the production process, up from six the previous year. The CIS countries are identified as potential markets for Russian raw sugar, drawn to its quality, transport accessibility, lower storage costs, and the possibility of transactions in national currencies, offering advantages such as long-term contracts and reduced reliance on global market prices.

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

Original content

Russia also has export potential for raw sugar — Eurasian Sugar Association In 2024, Russia exported about 1 million tons of sugar — 30% more than in 2023, which was the second result in the entire history of the country, said the Chairman of the Eurasian Sugar Association Andrey Bodin at the conference “Sugar Market of the CIS Countries 2025. A Look into the Future”. Considering the market situation in the second half of the year, that is, a possible decrease in prices on the world market, by the end of this year he expects deliveries abroad in the amount of 850 thousand tons. “But we have potential, and de facto there are all the possibilities to sanitize the market through organized exports,” the expert noted. There is also export potential for raw sugar. In 2023, its production volume amounted to only 45 thousand tons, in 2024 it increased to 260 thousand tons. According to Bodin's presentation, to which Agroexpert refers, 550 thousand tons could be produced this year. If ...

Source: Specagro