ROS AGRО PLC has announced the end of sugar production season07.02.20
In season 2019/2020 sugar plants of the Group operated for up to 156 days and produced 882.6 thousand tonnes of sugar. Output has increased by 17% in comparison to the previous season.
Sugar production season has started on August 25, 2019 and ended on February 3, 2020. During the season Rusagro has processed 6.1 million tonnes of sugar beet, including 3.8 million supplied by Rusagro agriculture business, with an average sugar content of 18.4%.
In 2019, the Group also produced 31.2 thousand tonnes of sugar from molasses. Before beginning of the new season, Rusagro plans to produce c. 90 thousand tonnes of sugar from molasses.
Overall, during August-December of 2019 Russia has processed 46.4 million tonnes of sugar beet and produced 7.1 million tonnes of sugar, 19% higher than in 2018 for the same period. ISCO Krasnodar price on December 31, 2019 reached 18.6 rub/kg excl. VAT, average price for 2019 was 24.8 rub/kg excl. VAT (-14% in comparison to 2018).