Russia has sharply increased the supply of sugar abroad

Published 2020년 7월 27일

Tridge summary

Russia is projected to rank seventh in global sugar exports for the 2019/20 season, with an export volume of nearly 1.8 million tons. This is a significant increase from the previous season, driven by a large sugar beet harvest and a decrease in domestic demand. The country's low sugar prices and transport accessibility have also made its sugar more competitive in Central Asian markets and have led to new exports to Albania, Croatia, and Serbia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the current 2019/20 season, Russia will rank seventh in global sugar exports. For the period that lasts from October 2019 to the end of September 2020, Russia will supply almost 1.8 million tons of sugar abroad, follows from the presentation of the International Sugar Organization available to RBC with the May forecast of the global sugar balance. Until now, Russia has not yet been one of the largest exporters: in the 2018/19 season, the country was only in the top ten, reminds the economist of the International Sugar Organization Kirill Matrenichev. This season, the export supply of sugar from Russia exceeds the supply of Cuba (1 million tons) and the European Union (1.1 million tons). Brazil will be the leader in supplies, which this season will supply 24 million tons of sugar to other countries. The increase in Russian exports by more than four times is confirmed by the manufacturers themselves. According to Soyuzrossahar, if in the previous season (in Russia it is counted ...

Source: Dairy