Russian sugar production in the 2021/22 season will amount to 5.8 million tons

Published 2021년 9월 29일

Tridge summary

The article outlines the sugar production forecast for the 2021/22 season in Russia, projecting a potential production of 5.8 million tons if certain agricultural conditions are met. This production level is expected to satisfy domestic demand and allow for a small export. The article also highlights the increase in sugar beet yield over the past 25 years and notes that sowing more than 1 million hectares of beets could lead to overproduction and lowered prices. Additionally, the article discusses the history of Russia's sugar export activity, including a significant increase in exports from 2016 to 2019, and the challenges and opportunities facing the sugar industry in Russia, such as logistics and rising production costs.

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

Original content

Sugar production in the 2021/22 season can reach 5.8 million tons, taking into account the processing of syrup and molasses, provided that farmers can remove sugar beets from the entire area of 1 million hectares and keep the harvest with minimal losses until processing ... This forecast was voiced by the leading expert of the Institute for Agricultural Market Studies (IKAR) Evgeny Ivanov at the XIII industry business conference "Agroinvestor" Russian Crop Production - 2021/22, which took place on September 24 in Moscow, and was also broadcast online. He noted that since 1997, the production of beet sugar in Russia has grown sixfold. “Few people could have imagined then that this would happen,” the expert emphasized. This volume is quite enough to meet the domestic market needs for sugar, and even a small export, especially taking into account the fact that in recent years the consumption of this product in our country has been decreasing due to negative demographics and the ...

Source: AgroInvestor