Sugar exports from Russia may increase by 6% by the end of the season

Published 2023년 6월 30일

Tridge summary

Sugar exports from Russia are expected to exceed 330 thousand tons in the current season, a 6% increase from the previous year. The main importers of Russian sugar are Kazakhstan, the countries of the Asian territory of the former USSR, Belarus, Moldova, Afghanistan, Iran, Mongolia, and North Korea. However, logistics issues may hinder the potential for further export growth.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It is expected that it will exceed 330 thousand tons According to the results of the current season (from August 2022 to July 2023), sugar exports from Russia may exceed 330 thousand tons, which is 6% more than the indicator of the previous marketing year (317 thousand tons). This was stated by the leading expert of the Institute for Agricultural Market Studies (IKAR) Evgeny Ivanov. According to him, in the current season, sugar exports amount to about 30,000 tons per month. The main importers of Russian sugar are Kazakhstan and the countries of the Asian territory of the former USSR, as well as Belarus, Moldova, Afghanistan, Iran, Mongolia and North Korea. At the same time, the analyst considers logistics issues to be a deterrent for increasing the export of sugar and other highly processed products. Ivanov also noted that the Serbian market is open to Russian goods. Chairman of the Board of Soyuzrossahar Andrey Bodin said earlier that sugar production in Russia this season will ...
Source: Specagro

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