News

Exchange trade in sugar in the Russian Federation grew 2.2 times in 2023

Sugar
Russia
Market & Price Trends
Published Jan 13, 2024

Tridge summary

The volume of sugar trading on Russian exchange platforms in 2023 was 322 thousand tons, a 2.2 times increase from the previous year. 17.6 thousand tons of sugar were sold at commodity auctions, and 27.3 thousand tons were sold on exchanges in December. Belarus saw a significant increase in sugar sales for export, with 26 thousand tons sold in 2023, 2.5 times more than in 2022, with the main buyers being companies from Central Asia and Europe.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Moscow. January 12. INTERFAX.RU - The volume of sugar trading on Russian exchange platforms in 2023 amounted to 322 thousand tons, which is 2.2 times more than in 2022 (146 thousand tons), reports Soyuzrossahar with reference to data from NTB JSC (part of Moscow Exchange group) and JSC SPbMTSB. At the same time, 17.6 thousand tons of sugar were sold at commodity auctions. In December, 27.3 thousand tons of sugar were sold on exchanges, which is 9.1 thousand tons more than a year earlier. According to Soyuzrossahar, five national commodity exchanges trade sugar in the CIS. In addition to the Russian NTB JSC and SPbMTSB JSC, these are the Uzbek Republican Commodity and Raw Materials Exchange JSC, the Eurasian Trading System (ETS) commodity exchange in Kazakhstan and the Belarusian Universal Commodity Exchange (BUCE) JSC. At the same time, trade in export sugar contracts is organized on the commodity exchange in Belarus, in contrast to other national exchanges that sell sugar on ...
Source: Interfax
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