Tridge summary
The Institute for Agricultural Market Studies (IKAR) predicts a decrease in Russia's sugar production in the 2024/25 agricultural year, estimating a 11% drop to 6.1 million tons. Despite a 10% increase in sugar beet acreage to 1.7 million hectares, the root crop harvest decreased by 8.7% to 42.7 million tons. IKAR attributes the majority of the yield decrease to economic regions in southern and central Russia, forecasting a 15% drop in the gross sugar beet harvest to 45 million tons. However, the Ministry of Agriculture challenges these figures, projecting a similar harvest size of 44 million tons, which would result in sugar production of 6.3-6.4 million tons. The ministry also anticipates a reduction in sugar beet acreage to 1.1-1.2 million hectares in 2025, citing increased domestic sugar production as a factor that surpasses domestic demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Sugar production in Russia in the 2024/25 agricultural year (for sugar - from August 1 to July 31) will amount to 6.1 million tons, which is 11% less than the 2023/24 figure, the Institute for Agricultural Market Studies (IKAR) predicts. The study says that despite the increase in sugar beet acreage in the country by 10% year-on-year to 1.7 million hectares, by November the volume of the root crop harvested had already decreased by 8.7% to 42.7 million tons, Vedomosti writes. The largest reduction, according to IKAR, is observed in the economic regions of the South of Russia - Krasnodar and Stavropol Territories, Rostov Region and Karachay-Cherkessia, as well as in the Central Black Earth Region - Belgorod, Voronezh, Kursk, Lipetsk, Tambov, Oryol, Bryansk, Penza Regions. According to IKAR forecasts, the gross sugar beet harvest will decrease by 15% year-on-year - to 45 million tons. The Ministry of Agriculture cites different figures. "The gross sugar beet harvest by the end of ...
Source: Milknews
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