Sugar news from Russia and Kazakhstan, Jul 7, 2016

Latest news are available in our daily reports.

RUSSIA

Imports of sugar from non-CIS countries made US$ 17.3 million in June 2016 (-55.8% to June 2015). Consumer prices for sugar increased by 1.7% from June 28 to July 4, 2016; from the beginning of the year - by +4.7%, according to Rosstat.

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According to the monitoring of prices by Sugar.ru in the period from June 30 to July 07, 2016, the exchange value of US dollar has increased by 0.06% in Russia (on June 30 the rate was US$ 1=RUR 64.26; on July 07 the rate was US$ 1=RUR 64.63). Moscow wholesale price of sugar decreased by RUR 0.50/kg (-1.02%); Krasnodar wholesale price of sugar has increased by RUR 0.10/kg (+0.21%). In Moscow US dollar equivalent price of sugar decreased by US$ 0.012/kg (-1.58%), Krasnodar price of sugar dropped by US$ 0.002/kg (-0.27%).

KAZAKHSTAN

In city of Uralsk (Western Kazakhstan) the price of sugar has jumped sharply from 235 to 300 Kazakh Tenge in local stores, only a few kilograms per person are sold, according to local television.

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According to the rail cargo monitoring by Sugar.Ru, Kazakhstan has received 11,800 MT of white sugar by rail transit Russia in June 2016 (in June 2015 - 21,100 MT) Total volume of sugar imported in 6 months of 2016 has made 41 000 MT vs. to 110.600 MT last year. Shipments of sugar from Moldova and Belarus have virtually stopped in 2016; the supply of Ukrainian and Romanian sugar has increased.

Sugar.Ru

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News in English (delayed)