Russia sharply reduced sugar exports in 2020/2021 agricultural year

Published 2021년 8월 11일

Tridge summary

Russia's sugar exports have seen a significant decrease, with figures showing a 3.4 times decrease to about 440 thousand tons in the past agricultural year, compared to the previous year. The main importers were Kazakhstan, Uzbekistan, Kyrgyzstan, and Azerbaijan, with some shipments also made to West African countries and Israel. The reduction in exports is largely due to a decline in domestic production, which has led to increased imports of raw sugar by CIS countries like Ukraine, Kazakhstan, Armenia, and Uzbekistan. There is potential for increased sugar imports from Kazakhstan and Azerbaijan, as they do not have duties on raw sugar. If Russia's sugar production remains stable in the coming years, it could lead to a decrease in wholesale prices for sugar and beets in the domestic market.

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Original content

As the leading IKAR expert Evgeny Ivanov told Interfax, in the past agricultural year the Russian Federation exported, according to preliminary data, about 440 thousand tons of sugar (386 thousand tons by rail), which is 3.4 times less than a year earlier (1 , 5 million tons). The largest buyers of Russian sugar were Kazakhstan (from August to July, 248 thousand tons were sent by rail), Uzbekistan (almost 66 thousand tons), Kyrgyzstan (27 thousand tons), Azerbaijan (18 thousand tons). “A feature of the past export season was that small sea shipments of sugar continued in containers,” the expert said. “In January-April 2021, almost 1,000 tons were shipped to Benin, Togo, Cote d'Ivoire, Cameroon, Guinea, Israel. Before that, in August-December 2020, more than 1.3 thousand tons were exported to Benin and Israel. " According to him, the niche of container shipments from Russia of any cargo, including sugar, has not yet been mastered due to many reasons, including because of ...

Source: Agrovesti