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

Published 2023년 6월 29일

Tridge summary

According to analyst Evgeny Ivanov, sugar exports from Russia may increase by 6% and exceed 330 thousand tons in the current season. The main importers of Russian sugar are Kazakhstan and countries in the Asian territory of the former USSR, as well as Belarus, Moldova, Afghanistan, Iran, Mongolia, and North Korea. However, the undeveloped logistics of maritime container exports and limited port capacity are barriers to increasing sugar exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the results of the current season (from August 2022 to July 2023), sugar exports from Russia may exceed the figure of the previous marketing year by 6% and exceed 330 thousand tons. Evgeny Ivanov. According to him, in the current season, sugar exports amount to about 30 thousand tons per month, and for the 2022/23 season it is planned to export about 330-340 thousand tons, which exceeds last year's figure of 317 thousand tons. 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. However, the analyst called the undeveloped logistics of maritime container exports, which is "many times more expensive than in most countries of the world," the analyst called a deterrent for increasing the export of sugar and other highly processed products. The capacity of ports in the South and the Baltic is also not enough, the expert believes. Ivanov also ...
Source: AgroInvestor

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