The largest agribusinesses in southern Russia are planning to increase sugar production
One of the largest agribusinesses in Russia, Progress Agro, plans to increase sugar production by 1.5-1.7 times in 2021. This was reported by RIA Novosti citing the company's sales director Igor Ganin.
According to him, because of the lingering rains the sugar beet plant lags behind by about three weeks, and because of this the root crop will not have time to "gain physiological maturity. Because of this, the yield and sugar content may fall by about 15-20%. Nevertheless, the losses may be compensated by increasing the sowing area by 2 thousand hectares, said the agro-holding.
"The plant plans to produce more sugar than last year, up to 110-120 thousand tons," Ganin told the agency.
Earlier it was reported that Russia is lagging behind in sowing sugar beet. In addition, the agreement on the fixing of sugar prices will expire on June 1. All this may provoke rising prices of sugar in stores.
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Author: Karina Kamalova