The price of sugar has not taken into account the forecast reduction of production

In Ukraine, with 149 thousand hectares or 68% of the area excavated 6.5 million tonnes of sugar beet with an average yield of 43,8 t/ha. According to experts "Ukrtsukor", in the new season as of October 30, from 5.53 million tonnes of sugar beet produced 810,2 thousand tons of sugar. On a specified date operates 31 factory of the projected 32.

In comparison with last year the acreage under sugar beet was reduced by 30% and sugar production will decrease by 20-25%.

currently, sugar prices in Ukraine fall under the pressure of seasonal increase sentences and weak export demand. Also in 2020 are projected to be significant growth in prices due to overproduction in Russia and the world.

the increase in the production and export of sugar from Russia will sharpen competition with Ukraine on the markets in Central Asia.

estimates of IKAR in 2019/20 MG Russia exports not less than 800 thousand tons of sugar, and under favorable conditions of over 1 million tonnes, compared to 234 thousand tons in the previous season.

the Ministry of agriculture estimates a surplus of sugar in the market at 1 million tonnes, and the production of 6-6. 5 million tons.

the Excess of sugar in Russia in the beginning of the season within 700 thousand t resulted in prices falling to the lowest since December 2011 level of 19.5 thousand rubles/ton, while last year they amounted to 35,5 thousand rubles/t

In Russia as of October 30, with 971,9 hectares, or 84,9% of the areaCOP 44.7 million tonnes of sugar beet with a yield of 46.01 t/ha, whereas last year on this date it was collected 38.1 million tons of beets with a yield of 36.84 tons/ha.