Nov. 14 (Bloomberg) -- Russia won’t import raw sugar next year because of a large sugar-beet harvest, said First Deputy Prime Minister Viktor Zubkov.
The harvest may more than double to 48 million metric tons this year from 19.9 million tons in 2010, Zubkov said earlier during a teleconference in Moscow. That would be a record, according to the government.
Russia’s capacity to export sugar made from beets is estimated at between 140,000 tons and 150,000 tons, Zubkov said.
The Moscow-based Institute for Agricultural Market Studies, or Ikar, estimates the country’s sugar export capacity at 250,000 tons in the season that started Aug. 1, Evgeny Ivanov, the institute’s senior sugar analyst, said today by phone.