Sugar news from Russia, Ukraine, Belarus and Kazakhstan, Apr 28, 2016

Latest news are available in our daily reports.

RUSSIA

Workers of “Kanevsksahar” (Kanevsky) sugar plant have started an indefinite picket in the village of Kanev and pickets in the Krasnodar Regional Court, demanding to prosecute Mr Pavel Ignatenko, the former factory director general, as well as his possible accomplices, against whom a criminal case was opened to investigate the theft of 6 thousand tons of sugar.

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According to data by the Ministry of Agriculture as of April 27, 2016, Russia has sown sugar beet on an area of 733 thousand ha or 69.2% of the forecast (in 2015 – 585.6 thousand hectares on same day).

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According to the provisional estimations by the local Ministry of Agriculture of Stavropol region, following a severe hail about 900 hectares of sugar beet were damaged to the degree of 15-20%.

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RosAgro p.l.c., the parent structure of "Rusagro" group, has completed the SPO at the London Stock Exchange by April 27 and has managed to attract planned US$ 250 million.

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The average consumer prices for sugar decreased by 0.6% in the period April 19 to 25,2016; from the beginning of April – by 1.2%, according to Rosstat.

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According to the data of price monitoring by Sugar.ru for the period April 21-28, 2016, the US dollar exchange rate has dropped by 1.3% (on April 21 US$ 1=RUR 66.04; on April 28 US$ 1=RUR 65.16). Moscow ruble price of sugar grew by 0.60 rubles/kg (+1.44%), Krasnodar price increased by 0.20 rubles/kg (+0.50%). US dollar equivalent Moscow price of sugar rose by US$ 0.018/kg (+2.84%), Krasnodar price rose by US$ 0.011/kg (+1.81%).

 

BELARUS

Farmers in Belarus have planted 81 900 hectares with sugar beet (which makes 85.6% of the plan) by April 28, 2016.

KAZAKHSTAN

According to the Bureau of national statistics of Kazakhstan, the volume of import of sugar and raw sugar has amounted to 50 700 tons added by 20.0 thousand tons of white sugar for 3 months of 2016.

Sugar.Ru

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