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RUSSIA
Export of sugar-containing products from Russia grows against the backdrop of low sugar prices in 2019/20. Last year, 640 thousand tons of confectionery were exported, which in terms of white sugar equivalent is about 270 thousand tons. In accordance with the program to increase the export of confectionery products until 2024, the export of sugar in confectionery products may amount to about 400 thousand tons in 2024, the representative of the ASCOND association said at a sugar conference.
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The National Commodity Exchange plans to launch new trading instruments at the end of August, the basic assets of which are white sugar and raw beet sugar, Director of NTB Sergey Naumov has told Direct participation in trading without brokers is assumed, that is, transactions are concluded directly between the seller and the buyer for such two types of commodities - white sugar and raw beet sugar.
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According to Soyuzrossahar, the volume of beet sugar production in Russia in the 2020-2021 season under the pessimistic and optimistic scenarios may vary from 6 to 5.7 million tons, respectively.
BELARUS
Deputy General Director of the Skidel Sugar Refinery, Sergei Kulikovsky, was detained in the evening of July 8 in Grodno while receiving a bribe in the amount of 1950 Belarusian rubles (slightly above US$ 810), an official representative of the Belarusian Interior Ministry said.
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