Sugar news from Russia, Ukraine and Kyrgyzstan, Jul 8, 2016

Latest news are available in our daily reports.

RUSSIA

According to operative figures by Soyuzrossakhar, sugar beet growth dynamics looks as follows as of July 7, 2016:

  • Root weight (g) - 125 (in 2015 - 117, in 2014 - 139)
  • Foliage mass (g) - 237 (in 2015 - 227, in 2014 - 259)
  • Plant density (shots/ha) – 97 000 (in 2015 – 92 000, in 2014 – 93 000).

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According to "Kubansaharprom", the upcoming juice extracting season in Krasnodar region will involve all 16 local sugar mills. This year two sugar factories, namely Timashevsky Kurganinsky owned by the Concern "Pokrovsky", will resume beet processing after 3 and 2 seasons of inactivity respectively. Fresh beet sugar, made out of beets harvested in 2016, will start to emerge in the market in the first week of August.

UKRAINE

According to the figures for the period of January-May 2016 reported by the Federal State Statistics Service, the total sales volume of sugar produced in the country has reached UAH 2,5774 mln without VAT and excise tax (around RUR 6,6538 mln), including sales outside of the country – UAH 96.1 million (RUR 248 mln) or about 4% of the total sales volume.

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Wholesale selling price of sugar increased by 2.77% for the week and was in the range of UAH 12800- 13200/MT, according to "Agroperspectiva".

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Ukrainian agricultural enterprises sold the sugar an average of UAH 11,146.9/MT without VAT in May 2016 (around RUR 28 777/MT at the current exchange rate), according to State Statistics Service.

KYRGYZSTAN

According to the figures of monitoring of railway shipments by Sugar.Ru, 2 700 tons of white sugar was delivered to Kyrgyzstan transit Russia in June 2016; thus, a total volume delivered by rail 5800 tons in the first half of the year (in 6 months of 2015 – 64 300 tons). More than ten-fold decrease is explained by a sharp drop of exports of Ukrainian sugar to Kyrgyzstan, as well as by Belarus refusal to supply

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