IKAR in Mass and Industry Media

Russian stocks still growing

Platts/Kingsman Daily Sugar News

Accumulated worldwide stocks of sugar are still growing and Russia is no exception, Ikar (the Institute for Agricultural Market Studies) said on its website. While s stronger US dollar normally leads to a decrease in commodity prices and capital outflows from emerging markets, in the countries of the former USSR, the situation is complicated by the good production of beet sugar in 2014 in Russia, Belarus, Ukraine and Moldova. According to Rosstat, at the end of November, factory stocks of sugar amounted to a record 1.42 million mt in the history of Russia, and were up from 1.02 million mt a year earlier.

27.09.14

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