Russia has sharply increased the supply of sugar abroad
Published Jul 28, 2020
Tridge summary
The high yield of beets led to a drop in sugar prices and made it a commodity in demand abroad. Exports this season has more than quadrupled, making Russia one of the world's ten largest sugar suppliers.
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 ...
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