Russian sugar news, Oct 05, 2020

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RUSSIA

The price for white beet sugar from industrial producers, was RUR 35.12/kg on September 30, 2020 (+1.9% per week), according to the Food Safety Monitoring and Forecasting System of the Ministry of Agriculture of Russia.

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According to the Ministry of Agriculture of the Russian Federation, as of October 2, 2020, sugar beets were harvested from 427.4 thousand hectares, or 46.1% of the area sown; 15.3 million tons of beets collected; average yield makes 35.81 MT/ha.

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On October 02, 2020, 16 sugar contracts were sold at NTB. The total volume of sales has made 560 MT at the average price of RUR 42508 / MT (US $ 550.07 / MT at the exchange rate of CBR on date indicated). Trading session closed at $ 548.67 / MT (CFO), $ 561.55 / MT (YFO), $ 548.74 / MT (PFO).

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