In 2023, the EAEU countries may expand the sowing of sugar beets

Published 2023년 3월 25일

Tridge summary

The Eurasian Sugar Association predicts a 4% increase in sugar production in EAEU countries in 2023, reaching 8.1 million tons, due to an expansion in sugar beet crops to 1.43 million hectares. However, imports of white and raw sugar are expected to decrease. Farmers have successfully purchased sugar beet seeds, and plans are in place to expand sugar beet cultivation in Russia and other EAEU countries. Sugar beet sowing in the Krasnodar Territory has started earlier than usual, which is expected to extend the growing season and enhance the harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Eurasian Sugar Association, in 2023 the EAEU countries can produce 8.1 million tons of sugar, which is 4% more than in 2022 (7.8 million tons). This was reported by the press service of the Union of Sugar Producers of Russia (Soyuzrossakhar). They noted that the growth in sugar production can be ensured primarily by expanding sugar beet crops to 1.43 million hectares against 1.36 million hectares in 2022. At the same time, imports of white sugar this year will decrease to 300 thousand tons from 440 thousand tons a year earlier, raw sugar - from 1.56 million tons to 1.45 million tons. Yevgeny Ivanov, a leading expert at the Institute for Agricultural Market Studies (IKAR), told Agroinvestor that the farmers had no difficulties with the purchase of sugar beet seeds - they managed to purchase and pay for everything. According to him, almost all EAEU farms plan to expand the area under sugar beets. “It will not be tens, but units of percent. In addition to Russia, ...
Source: AgroInvestor

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