ADVERTISEMENT

ADVERTISEMENT

Russia's sugar market faces surplus in 2016

MOSCOW - Russia's domestic sugar market faces a surplus if its farmersincrease sugar beet sowing area in 2016, Andrey Bodin, the head of the country's Sugar Producers' Union, told a conference on Thursday.

2207199+RussiaNews.jpg

MOSCOW - Russia's domestic sugar market faces a surplus if its farmersincrease sugar beet sowing area in 2016, Andrey Bodin, the head of the country's Sugar Producers' Union, told a conference on Thursday.

Russia has been increasing domestic sugar production in recent years as it aims to become self-sufficient instead of being a major global importer.

"If our farmers sow more, then we may have an overproduction on our market," Bodin said.

He reckons CIS countries could reduce their raw and white sugar imports by 17 percent to 1.6 million metric tons of raw sugar and 355,000 metric tons of white sugar in 2016 as raw sugar demand is expected to fall in Russia, Belarus, Kazakhstan.

He did not give an estimate for the 2016/17 marketing season, which starts on Oct. 1.

ADVERTISEMENT

The CIS, Moscow-dominated grouping of a number of former Soviet countries, is forecast to produce 7.9 million metric tons of beet sugar in 2016, up 9 percent on last year, Bodin said.

Production in Russia is expected to increase to 5.5 million metric tons from 5.2 million. Ukraine is expected to raise output to 1.7 million metric tons from 1.5 million, while Belarus's production is expected to rise to 550,000 metric tons from 490,000 metric tons.

Bodin also said that the CIS countries were expected to increase their sugar beet sowing area in 2016 by 9 percent to 1.5 million hectares, with Russia sowing 1.1 million hectares, compared with 1.0 million hectares a year ago.

Related Topics: CROPS
What To Read Next
Commercial farmers in Nebraska, the Dakotas, and Minnesota start using drones for spraying, seeding.
This week on AgweekTV, we hear about North Dakota corporate farming legislation and about WOTUS challenges. Our livestock tour visits a seedstock operation and a rabbit farm. And we hear about new uses for drones.
Kevin and Lynette Thompson brought TNT Simmental Ranch to life in 1985. Now, their daughter, Shanon Erbele, and her husband, Gabriel, are taking over the reins, and their sale is for Feb. 10.
Gevo will be making sustainable aviation fuel in Lake Preston, South Dakota. Summit Carbon Solutions plans to capture carbon emissions from the facility.