Russia: Sugar production in Bashkiria increased by 11%

Sugar

Russia

Market & Price Trends

Published Mar 11, 2024

Tridge summary

Sugar factories in Bashkiria, Russia, have ended the production season with a total output of 227 thousand tons of sugar, marking an 11.4% increase from 2023. The production volume surpasses the region's demand, allowing for surplus sugar to be exported. In 2023, the region exported 71 thousand tons of sugar worth $48.9 million. Bashkiria also exports beet pulp, a by-product of sugar beet processing used as livestock feed. The overproduction of sugar could potentially lead to a decrease in retail prices.

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Original content

Sugar factories in Bashkiria completed the production season with a gross production of 227 thousand tons of sugar. This is 11.4% more than in 2023, when two factories in the republic produced 203.7 thousand tons of sugar. This was reported by the Ministry of Agriculture of the Republic. “The volume of sugar received this season exceeds the needs of the region’s population several times,” the department said in a statement. Last year, sugar beets were grown in 19 regions of the republic. 47.5 thousand hectares of farmland were allocated for this crop. The total harvest was 1.6 million tons. Republican producers will supply surplus sugar, including abroad, the Ministry of Agriculture notes. Thus, in 2023, sugar exports from Bashkiria amounted to 71 thousand tons worth 48.9 million US dollars. The volume of exports in physical terms increased threefold over the year - in 2022, 23.5 thousand tons of product were sent abroad from the republic. Deliveries were made to Afghanistan, ...

Source: Agrovesti