Latest Sugar News - Incubator

The sugar plant "Kamenskiy" continues to produce sugar from syrup reserves after the end of the beet season. The plant uses a unique technology for storing syrup under strictly controlled parameters.

Sugar production is automated, with productivity increased to 8.5 thousand tons. The products are supplied throughout Russia and for export.

"TASS reported that the Moscow City Court is considering an appeal against the arrest of Vadim Moshkovich, the founder of the Rusagro holding. "Syngenta" has initiated a lawsuit for 999 million rubles. As part of this case, Moshkovich and Maxim Basov are also accused of causing damage to the company in the amount of 30 billion rubles."

Last week, prices for the world sugar NY #11 rose by 1.57%, while London white sugar ICE #5 went up by 1.18%. Prices continue to rise due to the decrease in global sugar production, reports Barchart.

According to Rosstat, in March, sugar prices in Russia decreased by 1% compared to February, amounting to 74.22 rubles per kg.

Compared to March of last year, prices increased by 2.7%. The annual inflation rate reached 10.4%. [Source: sugar.ru]

The FAO Food Price Index remained stable at 127.1 in March 2025, with prices for meat and oil increasing, but with prices for grain and sugar decreasing. The situation is caused by a decrease in demand for sugar and increased supplies after rains in Brazil, however, crop forecasts in India and Brazil support the rise in sugar prices.

Prices for May futures for sugar NY #11 and London white sugar ICE #5 have decreased. This is due to Trump's retaliatory tariffs, lowering oil prices, and a potential increase in sugar production because of cheaper ethanol.

The area of sugar beet crops in the EAEU countries as of April 14, 2025, decreased to 380.9 thousand hectares, which is 84.1 thousand hectares less than last year. The reduction particularly affected Belarus and the Central District of Russia due to the weather. Nevertheless, the total sowing area in the EAEU will remain stable at 1.31 million hectares.

A new soft brain implant made of silicone has been created, which is inserted using a needle made of sugar. It is recognized as one of the softest in history and allows to avoid rejection by the body. The implant is capable of interacting with the brain without inflammatory reactions.

In 2024, the volume of sugar exchange trading by the National Commodity Exchange increased by 32%, reaching 369.2 thousand tons. Monthly transactions exceed 30 thousand tons, with a total transaction amount of 1.75 billion rubles. Over-the-counter transactions of up to 600 thousand tons per month have been noted. The sugar exchange market has been forming since 2017, involving more than 100 companies.

Since 2024, daily calculations of exchange indices have been carried out in several regions.

According to Bloomberg, the growth of biofuel production and demand for agricultural resources has led to a doubling in prices for corn, beans, palm oil, and sugar. Energy companies plan to increase biofuel production in the coming years, which could sustain the rise in food prices until 2023.

The Ministry of Agriculture of the Krasnodar Region reported that in 2024 sugar beet processing plants processed 8.449 million tons of beets, producing 1.1 million tons of sugar - 83.8% less than in 2023 due to unfavorable weather. In the region, there are 14 plants with a total capacity of up to 12.5 million tons of beets, employing over 6.3 thousand people.

The sowing campaign has started in all districts of the Voronezh region. In the south, work began 5-7 days earlier. Fields of sugar beets have already been sown in three districts. There were no problems with supply. 290 thousand tons of mineral fertilizers have been delivered (92% of the plan). Beet seed import substitution has increased to 17%.