Volga Baikal AGRO NEWS Update on Sugarbeet Situation !!!

In 2021 in Russia, the area under sugar beet will increase by 13.6%

Volga Baikal AGRO NEWS Update on Sugarbeet Situation !!!

In 2021 in Russia, the area under sugarbeet will increase by 13.6%.

The area under sugar beet crops in Russia in 2021 will grow by 13.6% – up to 1.05 million hectares from 924 thousand hectares this year, the Ministry of Agriculture predicts. “This will make it possible, under favorable weather conditions, to obtain at least 40 million tons of root crops and to produce about 6 million tons of white sugar,” the ministry said in a statement.

In 2020, due to difficult weather conditions in a number of regions of the South, North Caucasian and Central Federal Districts, the sugar beet harvest has significantly decreased, which affected its cost, the Ministry of Agriculture noted. In 2019, the Russian Federation harvested a record harvest of sugar beet – 54.4 million tons, sugar production reached 7.3 million tons. This triggered a significant decline in sugar prices, which reached their lowest levels by the end of last season, and then there was a significant increase. According to estimates cited by the Agricultural Analytics Center subordinate to the Ministry of Agriculture, this year the crops for sugar beet decreased by 18%, its yield will be 33.5 million tons, sugar production – about 5 million tons. According to the center, the average producer prices for sugar by November 25 amounted to 42.153 thousand rubles per ton (over the week they decreased by 0.5%,

Against the background of the receipt of products from the new crop of beets, the market began to stabilize, said earlier the head of the Center for Agroanalytics Dmitry Aveltsov. Rising prices for sugar, as well as sunflower oil and bakery products this week attracted the attention of Russian President Vladimir Putin. On Thursday, at a meeting in the Ministry of Agriculture, the possibility of limiting the selling price for sunflower oil at 95 rubles per liter, retail price – 110 rubles, for sugar – 36 and 45 rubles per kg, respectively, was discussed. At present, the Ministry of Agriculture, together with the Ministry of Industry and Trade, FAS, Soyuzrossakhar and AKORT, plans to conclude an agreement to prevent unreasonable mark-ups on sugar and its sales at a minimum price, the agrarian department reported. In addition, the Ministry of Agriculture is developing additional measures to support the industry.

Source: Agroconsul Tomsk.ru

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