Russian sugar news, Nov 24, 2020

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RUSSIA

Bank «Trust» demanded to foreclose the property of Sugar Plant Bolshevik JSC, which is the subject of pledge under the mortgage agreement of 2019. It is proposed to recover the assets of the plant from the Belgorod region through their sale at public auction with an initial price of 119,666,907 rubles 82 kopecks.

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According to Soyuzrossahar, as of November 23, 2020, 917.1 thousand hectares of crops (98.8% of the crop acreage) were harvested and 33.3 million tons of sugar beet collected. The field yield of sugar beet is 36.2 MT/ha, against 46.9 MT/ha last year, which is 22.8% lower.

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