Ministry: Russian sugar producersТ prices rise 2.4% in January - Agro Commodities - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Ministry: Russian sugar producersТ prices rise 2.4% in January

MOSCOW, Feb 4 (PRIME) -- Russian sugar producers increased prices by 2.4% in January after a 45% decline in 2019, as seen by PRIME in the materials of the Agriculture MinistryТs analytical center on Tuesday.

УFrom January through December 2019, the sugar producersТ prices slid over 45% to below 20 ruble per kilogram, VAT included. The leading sugar companies are trying to stabilize the situation by reducing sales and accumulating products in the warehouses,Ф the document read.

УIn the light of several factors, including a gradually wrapping up campaign to process the bulk of sugar beet, sugar producersТ prices have demonstrated positive dynamics since the end of December 2019 rising by 2.4% to 20.5 rubles per kilogram as of January 23.Ф

The consumer prices for sugar fell 32.3% in 2019 and 1.2% in January to 30.82 rubles per kilogram.

The stabilization trend will continue because Brazil and India, the major exporters of sugar to Russia, decreased output in 2019Ц2020, the authority also said.

(63.9091 rubles Ц U.S. $1)

End

04.02.2020 15:43
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 93.0237 +1.5447 30 sep
USD 79.6845 +1.0132 30 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1187.18 -0.72 17:04 24 sep
micex 2910.99 -0.19 17:04 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 177.00 -1.12 23:49 24 sep
lkoh 4456.00 -1.61 23:49 24 sep
rosn 370.75 -1.08 23:49 24 sep
sber 228.50 -0.60 23:49 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 89.7700 +0.5500 14:59 24 sep
USDTD 76.8125 +0.6125 17:44 24 sep