Sugar Boom Turning Russia Into Exporter With Record Output
- Russia is on the brink of becoming a net exporter of sugar
- Nation’s exports could climb to record 500,000 tons: ISO
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In just a decade, Russia has transformed its sugar industry. The country, which was once the world’s top importer of raw sweetener, is now on the verge of becoming a net exporter.
Aided by an import tax Russia introduced in 2004 to shield domestic firms from foreign competition, producers have been able to invest in making beet refining more efficient. The latest example is at one of the top manufacturers Ros Agro Plc’s Znamensky operation, where improvements mean the plant squeezes more sugar from molasses that used to go to waste.