Sugar market monitoring

The article deals with the issue of the efficiency of sugar beet production and processing in the Russian Federation. According to the authors, it is necessary to form an efficiency price for sugar beet, which ensures the investment repayment on the buying of beet-harvesting equipment and seeders using the parameters of the Sectoral Development Programs of the Beet-Sugar Subcomplex, the elimination of duties on sugar beet equipment in the amount of 5%, the use of a preferential leasing mechanism and the provision of subsidies for buying beet-harvesting equipment and seeders. High volatility in prices for beet sugar is the main reason for the decrease in sugar beet production and the re-equipment of the beet harvesting machines fleet. The analysis of the data allows us to conclude that the following trends are currently observed on the sugar market: a decrease in production due to the unfavorable weather conditions in 2018, reduction of sugar beet acreage, an increase in commodity stocks, and low world prices. The dynamics of sugar prices over the last 4 years did not compensate the inflationary growth of costs in the production of sugar beet. The difference between the average annual wholesale and the average prices adjusted the inflation according to the data of the NO "Union of Sugar Producers of Russia" was 2.52% in 2017, 4.27% in 2018, 3.05% in 2019, 2.95% in 2020. It is possible to avoid losses during the sugar beet harvesting only by using high-producing machines, with regard to natural, climatic and soil conditions. The optimal choice of machines allows to increase technical and economic indicators, to assess the efficiency of the used technologies, to make conclusions on the adherence of crop rotation, optimize the applying of mineral fertilizers and time of their application, to select the most favorable hybrid of sugar beet for the cultivation zone. The competitiveness of sugar beet production is a priority state task related to the stabilization of the food market and, in this regard, needs government support, which makes it possible to reduce import, as well as to support domestic producers.