MOSCOW, February 12 – RIA Novosti. The situation on the sugar market in the Russian Federation remains stable and will remain so, no grounds for a sugar deficit are expected, the press service of the RF Ministry of Agriculture told RIA Novosti.
“According to the forecast of the Ministry of Agriculture of Russia, in 2021 the sown area for sugar beet will be expanded by 14.4% to 1.06 million hectares. Taking this into account, beet production this year will amount to at least 40 million tons, and sugar – about 6 million tons. , which corresponds to the level of domestic consumption of these products, “the press service reminded.
“Taking into account carry-overs, this will contribute to maintaining a stable situation in the industry, thus, the emergence of a sugar deficit is not expected,” the press service said, answering the question whether there are grounds for a sugar deficit in Russia in connection with the stabilization agreements prices.
According to Rosstat, in 2020, 5.8 million tons of sugar were produced in Russia, which is 20.2% less than in 2019. The volume of sugar production in the Russian Federation in 2021, according to expert data, may reach about 6 million tons, the First Deputy Minister of Agriculture of the Russian Federation Dzhambulat Khatuov said on Friday.
The ministry also does not expect significant price fluctuations in the market. “Enterprises that occupy about 100% of the market have joined the agreement on stabilizing sugar prices. All participants fulfill their obligations in full,” the press service said. They also noted that sugar factories, performing the function of monitoring their client base, “are now more closely monitoring the shipments of counterparties to retail chains.”
According to the Ministry of Agriculture, the average price of agricultural producers for sugar as of February 10 was 35.9 rubles per kilogram (including VAT), that is, below the level specified in the agreement.
In December, the Russian government announced a set of measures in connection with the rise in food prices in Russia, among them – the conclusion of agreements on the stabilization of prices for sugar and sunflower oil produced in Russia. The agreements, valid until April, fix the maximum wholesale and retail prices: for sugar – 36 rubles per kilogram in wholesale and 46 rubles for retail, for sunflower oil – 95 rubles and 110 rubles, respectively.