Sugar beet crops in Russia will increase, according to IKAR

This year, sugar beet crops will increase, Evgeny Ivanov, a leading expert at the Institute for Agricultural Market Studies (IKAR), predicts. “The economy of grain and oilseeds has sank significantly, including due to state regulation of these industries. Of course, the profitability of sugar beet production has also decreased somewhat due to increased costs, but to a lesser extent,” he told Agroinvestor. However, greatly increasing the area under sugar beet (by more than 7-8%) is also not a good solution: comfortably our country will be able to export about 600 thousand tons of sugar, domestic consumption is about 5.8 million tons. “If sugar production exceeds 6 .8 million tons, then the need for large exports will put a lot of pressure on prices,” Ivanov warns. In 2022, according to Rosstat, last year sugar beet occupied about 1.04 million hectares, the gross harvest amounted to 41.7 million tons. Ivanov calls an important event in 2022 for the sugar industry that the state ...