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RUSSIA
According to the Eurasian Sugar Association, Russian sugar prices have decreased by 8.5% since December 2020 to $ 440 per ton (excluding VAT). This is the lowest level among the countries of the Commonwealth of Independent States - Russian prices are $5 lower than world prices for white sugar, $50 lower than prices in Belarus and more than $160 lower than in Ukraine.
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The Moscow Exchange has questions about trading sugar at market prices. On the one hand, since the beginning of the year, manufacturers have fixed the selling price at the level of 36 rubles per 1 kg. On the other hand, the National Commodity Exchange (part of the Moscow Exchange) trades sugar at a free price: it is set by the market and is justified by supply and demand only. Therefore, the organization turned to the FAS with a request to clarify whether this contradiction should be eliminated and how it could be done.
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The sugar factories of the Oryol region have completed the processing of sugar beets harvested in 2020, according to the regional Department of Agriculture. According to operational data, sugar factories of the region accepted 1,844.2 thousand tons of sugar beets, processed 1,826.4 thousand tons, and produced 301.2 thousand tons of sugar. The sugar production yield was 16.46%, the average sugar content of sugar beet at acceptance was 19.19%.
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