Sugar market news from Russia and Belarus, Nov 20, 2019

Latest news are available in our daily reports.

RUSSIA

Rusagro Group, one of the largest Russian agricultural holdings, plans to produce about 1 million tons of sugar from beet this year, Rusagro CEO Maxim Basov said.

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A sugar beet harvesting campaign has finished in the Stavropol region, the regional Ministry of Agriculture reports. From an area of 35.2 thousand ha (in 2018 - 34.5 thousand ha) 1.9 million tons of beets were collected, which is 11% more than last year (1.7 million tons); the average yield amounted to 54.0 MT/ha or 11% higher than in 2018 – 48.53 MT/ha.

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As of November 19, 2019, sugar beet was harvested from an area of 1.1 million hectares or 97.7% of the area sown (in 2018 - 1.1 million hectares), 52.7 million tons of beet collected (in 2018 - 41, 1 million tons); average yield makes 47.09 MT/ha (in 2018 – 37.58 MT/ha).

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The Arbitration Court of the Tambov Region has refused Rusagro’s request to suspend the merger of the assets of the Lipetsk agriholding Trio and the French company Sucden. Rusagro seeks recovery from Agrosnabsahar (part of the Trio) for a total amount of 1.16 billion rubles for sugar supply losses in the 2019/19 season.

BELARUS

As of November 20, 2019, 3,129.8 thousand tons of sugar beets were processed, or 109.7% compared to the previous year, and 400.9 thousand tons of white sugar produced (108.5% of the volume as of this date in 2018).

Sugar.Ru

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