Indian sugar mills association

Russia sugar exports hit 250,000 t

Date:	17 Feb 2012

Source:	The Business Line

Reporter:	Bloomberg

News ID:	924

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Russia exported about 250,000 metric tons of sugar made from domestic beets in 2011, its first year as a shipper of the sweetener, according to the country`s Sugar Producers` Union.

Deliveries went to 15 nations, mainly Kazakhstan and nearby states, and moved by truck, rail and container, Andrei Bodin, the group`s chairman, said in Moscow today.

Sugar imports into Russia probably will be about 450,000 tons in the current crop year through July, according to Bodin. Inbound shipments of raw sweetener may be less than 1 million tons in 2012 for the first time ever, the Moscow-based Institute for Agricultural Market Studies has said. Imports are unlikely to reach the million-ton level again, Bodin said.

“Russia left the market as a large importer today,” he said. Sugar made from Belarusian beets will account for about 200,000 tons of the current season`s imports, with raw sweetener comprising an equal amount and shipments of premium white, or refined, sugar coming to about 50,000 tons, according to Bodin.

Sugar production from domestic beets will jump 89 percent to 5.1 million tons in the current crop year, the chairman said. Output may be little changed in the coming period, even as beet sowing falls about 10 percent, as companies move to improve beet yields and increase refining capacity by 5 percent, he said.

Average beet yields gained 60 percent from a year earlier to 38.5 tons a hectare (2.47 acres) in 2011, according to figures from the union.

The average wholesale price of sugar on Russia`s domestic market will fall to 25.3 rubles (84 cents) a kilogram (2.2 pounds) in 2012 from 28.6 rubles last year, Bodin said.

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