Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Russia Sugar Grouping Nears Self-Sufficiency, Union Says

March 1 (Bloomberg) -- Russia, Belarus and Kazakhstan are approaching self-sufficiency in sugar as their combined output will meet almost 90 percent of domestic needs in the next marketing year, Russia’s Sugar Producers’ Union said.

The three states, which share customs arrangements, are expected to produce more than 5.6 million metric tons of sugar from beets in the season that starts Aug. 1, while consumption is estimated at about 6.3 million tons, Andrei Bodin, the union’s chairman, said today at the CIS Sugar Market 2012 conference in Moscow.

Production will include 5 million tons in Russia, 585,000 tons in Belarus and 50,000 tons in Kazakhstan, Bodin said. Russians will consume 5.4 million tons, Belarusians 400,000 tons and Kazakhs 450,000 tons, according to his presentation.

The three states will import raw-sugar and produce about 540,000 tons of the sweetener from it next season. Of that, 140,000 tons will be produced in Russia, while Belarus and Kazakhstan each will produce 200,000 tons, Bodin said. The three countries’ combined sugar exports are seen at 610,000 tons next season, he said.

Russia, Belarus and Kazakhstan export sugar to 20 countries, mostly to Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Ukraine, Moldova, Georgia, Syria and Montenegro, according to Bodin’s presentation.

Sugar stocks will rise 11 percent to almost 3.9 million tons in Russia, Belarus and Kazakhstan by the end of the 2012-13 marketing year, from about 3.5 million tons by the end of 2011-12, according to Bodin’s presentation.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editors responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net; John Deane at jdeane3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.