Media: Russia threatens to close factories for the production of sugar

Braden told that the plants can become become unprofitable due to the average prices for sugar. Under threat of closure are enterprises in Bashkiria, Tatarstan and Tula region.

If the situation on the domestic and foreign markets will remain the same, and other plants will be unprofitable, write “Vedomosti”.

According to the Union of sugar producers, in Russia, in 2016 the volume of production of sugar exceeds consumption. So, in the current agricultural season, the volume of beet sugar can be more than 6.7 million tons with a consumption of 5.8 million tons. Overproduction led to the formation of commodity stocks.

Earlier it was reported that in the Tula region is closed Tovarkovskiy sugar plant due to unprofitability of production, despite the support of the governments of the region in search of investors. Also in jeopardy Meleuzovsky sugar factory in Bashkiria and Nurlatsky plant in Tatarstan.

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