The Ministry of Agriculture called the sugar market in Russia stable

The Ministry of Agriculture assesses the domestic sugar market in Russia as stable, it does not require additional regulation. This is stated in the message of the ministry. "Currently, the domestic sugar market is stable and does not require additional regulation in the form of setting a price ceiling for this product," the ministry said. At the same time, as noted in the message, if necessary, the Ministry of Agriculture may consider various options for regulating the food market, including the conclusion of price agreements based on the experience of 2020-2021. The Ministry of Agriculture recalled that this season the volume of sugar beet production increased to about 48 million tons in bunker weight. To date, according to Soyuzrossahar, 38 million tons of root crops have been processed, of which 5.2 million tons of sugar have already been produced. The forecast for 2022 remains at the level of more than 6 million tons of sugar, which is enough to meet domestic ...