ROS AGRО PLC (LSE: AGRO) has announced the end of sugar production season15.01.18
In beet sugar production season 2017/2018 plants of the Group operated for up to 129 days and produced 842.3 thousand tonnes of sugar, including 14.7 thousand tonnes from tolling sugar beet. Output has increased by 8% in comparison to the last year level of the same period.
Sugar production season has started on August 24, 2017 and ended on January 1, 2018. During the season the Group has processed 5.7 million tonnes of sugar beet with an average sugar content of 18%. Sugar stocks level for the end of 2017 reached 421.9 thousand tonnes.
Overall, during the August-December of 2017 Russia has processed 40.8 million tonnes of sugar beet and produced 6.0 million tonnes of sugar, 3% higher than in 2016 for the same period. In the first half of 2018 Russia may produce up to 600 thousand tonnes of sugar more.
ISCO Krasnodar price on January 12, 2018 reached 22.9 rub/kg excl. VAT.