The situation with prices on the sugar market in Russia is stable

Sugar

Russia

Published Mar 2, 2023

Original content

The Ministry of Agriculture assesses the situation with prices on the sugar market in Russia as stable. This is stated in the message of the ministry on Wednesday. "Currently, the price situation in the sugar market is stable. The increase in production, as well as the accumulated commodity stocks at the beginning of this year, contribute to the formation of a stable price situation in this market," the report says. Thus, according to the ministry, as of March 1, producer prices increased by 7.5% year-on-year, which is below the level of inflation. The Ministry of Agriculture noted that, according to Soyuzrossahar, in the current production season of 2022-2023, the volume of sugar beet processing in Russia increased by 16% compared to the previous season and amounted to 43.2 million tons, of which 5.9 million tons of sugar have already been produced . Additionally, about 200 thousand tons more can be ...

Source: Kvedomosti

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