Russian sugar news, Feb 15, 2021

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The Ministry of Economic Development does not see the need to extend agreements to stabilize prices for sunflower oil and sugar, but the final decision will be made in March, said the Minister of Economic Development of Russia Maxim Reshetnikov


The average consumer price for granulated sugar in Russia amounted to 49 rubles for 1kg. in January 2021, which is 1.23 rubles less than a month ago, according to information received by Sugar.Ru from Rosstat.


On February 12, 2021, 10 sugar contracts were sold at NTB. The total volume of sales has made 1040 MT at the average price of RUR 41163/MT (US$558,08/MT at the exchange rate of CBR on date indicated). Trading session closed at $565.36/MT (CFO), $558.58/MT (PFO).



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