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  • This season, Russia will produce a record crop of 7.2m tonnes, which gives them far more sugar than they consume.
  • Stocks have already reached levels, higher than those of the last three seasons, and they are expected to continue rising.
  • Exports have also started and are increasing drastically, with the first three months of exports in 19/20 already exceeding 18/19s total exports.
  • We expect this flow to continue as Russia need to export a record amount of sugar this season to keep stocks at sensible levels.

Russian Exports Increasing Sharply

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Oliver Chapman

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