Russia’s sugar production likely to decline

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Mosco: Sugar production in Russia is likely to decline in this season.
Citing an estimate by IKAR agriculture consultancy, Interfax news agency said, “Sugar production in the country is expected to decline to 5.8-6.4 million tonnes this year, from 7.8 million tonnes in 2019.”

Earlier, Russia was mainly depended on sugar importation to fulfil its domestic need. But over the past decade to reduce its reliance on imports, the country has doubled its sugar production. The over sugar also impacted the sugar prices in the country.

According to the media report, the area under sugar beet cultivation has decreased from 1.1 million hectares to 932,200 hectares as some of the refineries are running under losses due to oversupply.

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