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RUSSIA
According to USDA forecasts, sugar production will decrease to 5.5 million tons (May forecast - 6.5 million tons, in 2019/20 MY - 7.8 million tons). Local demand will amount to 5.607 million tons (May forecast - 6.2 million tons)
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The production of beet sugar in Russia will amount to 5.05-5.2 million tons this year, taking into account the processing of syrup and molasses, according to the Institute for Agricultural Market Studies (IKAR).
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According to the Ministry of Agriculture of the Russian Federation, as of November 26, 2020, sugar beets were harvested from 918.2 thousand hectares or 99.4% of the crop acreage; total 33.4 million tons were collected; the average yield makes 36.37 MT/ha.
UKRAINE
According to USDA forecasts, sugar production is expected to decline to 1.559 million tons (unchanged from May forecast, in 2019/20 MY - 1.609 million tons).
BELARUS
In Belarus, sugar beets were harvested from 81.6 thousand hectares or 99.6% of the area sown (in 2019 - 93.2 thousand hectares) by November 27, 2020, the Ministry of Agriculture and Food of the Republic of Belarus told Sugar.Ru. A volume of 4070.6 thousand tons (in 2019 - 4932.2 thousand tons) of beets collected; the national average filed yield of 49.88 MT/ha (in 2019 – 52.93 MT/ha). Sucrose content makes 16.28% against 16.88% on the same date last year.
UZBEKISTAN
The goverments plans to re-introduce an excise tax of 20% on the imported sugar as follows from the draft law published. Excise tax will be levied on products with the TN VED 170199 code: white sugar without flavouring, aromatic or colouring additives. The project initiator – the Ministry of Finance – notes that at the same time, the import of raw sugar is not subject to excise tax.
КОММЕНТАРИИ