Producers will keep sugar prices fixed until September

by time news

The Ministry of Agriculture unofficially recommended that producers continue to ship sugar at 36 rubles / kg until the end of September, employees of two manufacturing companies told Vedomosti. This should help avoid a jump in sugar prices after the end of June 1 agreements, according to which the maximum selling price of producers is set at 36 rubles / kg and 46 rubles / kg in retail.

For example, the Syukden group, on the recommendation of the Ministry of Agriculture, after June 1 and until the end of September, will keep the cost of sugar for those counterparties with whom it is now working under agreements to stabilize prices, its CFO Gleb Tikhomirov confirmed to Vedomosti.

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