Russian and Ukrainian sugar markets, April 22, 2015

Latest news are available in our daily reports.

RUSSIA

Nikolay Fyodorov will leave the post of Minister of Agriculture of Russia, he will be replaced by the governor of the Krasnodar region Alexander Tkachyov.

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The "United Confectioners" plans the reconstruction of the "Promsahar" (Rylsky sugar plant) during next two years, increasing its capacity by half - to 800 thousand tons. To the modernization of the enterprise will be allocated about RUR2 billion.

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According to the Ministry of Agriculture, as of April 21, 2015, sugar beet was seeded on an area of 368.1 thousand ha, or 37.6% of the forecast (in 2014 the progress was 447.100 thousand ha). According to the Soyuzrossakhar, 374.4 thousand hectares were planted with sugar beet in Russia as of April 21, 2015 (37.7% of the projected areas of the crop). In 2014 on this date, total - 467,100 hectares were seeded.

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Experts from the Research Centre of Confectionery Market have supposed the partial suspension of the chocolate manufacture in Russia because of rising production costs for the year by 50%.

 

UKRAINE

According to the price monitoring by Ministry of Economic Development, within 10 days from 10 to 20 April 2015, the average sugar price fell by 2% to 11.44 UAH/kg.

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As of April 21, sugar beet was sown on an area of 194 thousand hectares, or 70% of the forecast (in 2014 was 315 thousand ha).

Sugar.Ru

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