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RUSSIA
Sugar production may exceed 6 million tons in the new season, according to leading IKAR expert Yevgeny Ivanov. It is quite possible that sugar prices may slightly increase in the summer and decrease seasonally in the fourth quarter, Ivanov admits.
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The financial director of Sucden Gleb Tikhomirov considers that sugar beet will become one of the most profitable agricultural crops in the coming season. The company expects that the price in the Central Federal District will be RUR 3.5 thousand per ton.
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