Tag Archives: russian sugar

Russian raw sugar imports down in February despite bad beet harvest

Imported raw cane sugar to Russian refineries dropped in February relative to 2010 in anticipation of the cut in duty on imported sugar says the Russian Sugar Producers Union. In late 2010 import of raw sugar by Russian refineries had been up following a bad beet harvest. The bad harvest was due to drought.

Sugar refineries in Russia refine beet sugar during the beet season and then once the beet season is over, in February, refine cane sugar.

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Russia reduces import tariff on sugar to $50 per tonne

The customs union between Russia, Kazakhstan and Belarus has confirmed that Russia will reduce its import tariff on raw sugar from $140 to $50 per tonne for a period of two months commencing 1st March 2011.

Following bad weather Russia is facing a reduced beet harvest and the revised tariff is to facilitate sugar imports without causing sharp price rises.  Agflation and rising food prices have resulted in political instability in other countries.

Refineries in Russia had recently reduced white sugar production in anticipation of the decision.

Russian raw sugar imports down for 2011

Russian raw sugar imports are expected to be down for 2011 to 1.9 million tonnes from 2.1 million tonnes in 2010.  Domestic production of beet sugar is likely to be at a historical high in the region of 4.2 million tonnes.  Russia recently decided to cut tariffs on raw sugar imports to $50 effective from March. A move that may see a temporary slowing in imports until the tariff becomes effective.

High domestic beet sugar production may result in imports slowing in the second half of the year when further downward pressure on domestic prices is expected.