Rusagro cuts sugar output by 11% to 753,900 tns in 2018–2019

MOSCOW, Jan 16 (PRIME) -- Russian agricultural holding Rusagro has reduced its sugar output by 11% on the year to 753,900 tonnes in the season that started on August 25, 2018 and ended on January 5, 2019, the company said in a statement on Wednesday.

“In the 2018–2019 season, sugar plants of the Rusagro companies worked for 109 days and produced 753,900 tonnes of sugar. Comparison with the previous season shows an 11% reduction in output,” the company said.

The company refined 5.2 million tonnes of sugar beetroot in the period, and the remaining sugar stock stood at about 651,300 tonnes as of the end of 2018, the company said.

Russian companies refined 37.5 million tonnes of sugar beetroot in August–December 2018, cutting combined sugar output by 6% on the year to 5.7 million tonnes. The companies may produce up to 200,000 tonnes of sugar in January–June 2019, Rusagro said.

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