Russian and CIS sugar news, Sept 23, 2020

Latest news are available in our daily reports.

RUSSIA

According to the analytical service of Soyuzrossahar, as of September 22, 64 factories are processing sugar beets in the Russian Federation, of which six sugar factories have started processing last week. The daily volume of sugar beet processing is 310 thousand tons, out of which 49 thousand tons of sugar are being produced daily. 

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According to the Ministry of Agriculture of the Russian Federation, as of September 22, 2020, sugar beets were harvested from 263.9 thousand hectares, or 28.4% of the area sown; 9.4 million tons of beet collected; average yield makes 35.65 MT/ha.

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On September 22, 2020, 7 sugar contracts were sold at NTB. The total volume of sales has made 300 MT at the average price of RUR 38209/MT (US$502.5/MT at the exchange rate of CBR on date indicated). Trading session was closed at $501.06/MT (CFO), $505.02/MT (YFO), $502.42/MT (PFO).

UKRAINE

"Ukrtsukor" reported Ukraine has produced 32.8 thousand tons of sugar and processed 274.5 thousand tons of sugar beet as of September 22, 2020.

BELARUS

"Belgospischeprom" plans to open a company in China to supply products of the Belarusian food industry, said the Chairman of the concern Anatoly Buben. Today "Belgospischeprom" is focused on sugar in the Chinese market. An agreement was signed, and 20 thousand tons of sugar were supplied to the Chinese market. Next year it is planned to deliver 50 thousand tons, the head of the concern said.

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According to the Association "Belsakhar", sugar beet processing is carried out at two sugar factories in the Republic of Belarus; the total volume of sugar production in the 2020/21 season is expected to reach 570 thousand tons

Sugar.Ru

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