Sugar market news from Russia and Armenia, Nov 06, 2019

Latest news are available in our daily reports.


Sugar production in Tatarstan has increased compared to last year by 4.8%, as of December 5. Total volume of 235 990 tons of sugar have already been produced - 10 thousand 895 tons more than in 2018 on the same date, the Ministry of Agriculture and Food of the Republic of Tatarstan informs. Total 1 million 541.2 thousand tons of sugar beets were processed at three local sugar plants - 151.6 thousand tons or 10.9% more than a year earlier.


On December 5, the Chernyansky Sugar Plant (Rusagro) launched a line for desugaring molasses with a capacity of 74 thousand tons of sugar per year. This is the largest in Russia desugaring manufacture facilities using American technology and the third such station in Russia.


Investments of Prodimex Group of Companies in enterprises located in the Voronezh region will amount to about 1.3 billion rubles in 2020, said Vadim Yeryzhensky, deputy general director of the holding.


The average consumer price of sugar decreased by 3.2% in November 2019 compared to the previous month, according to the National Statistics Committee. On an annualized basis - November 2019 by November 2018 - Consumer sugar prices decreased by 7.3%.



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