Sugar news from Russia and Ukraine, Sept 14, 2016

Latest news are available in our daily reports.

RUSSIA

"Agrosila" (Tatarstan) has purchased 250 units of agricultural machinery and equipment including 8 beet harvesters, 2sugar beet loaders within the framework of the investment program of the holding.

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The volume of investment to upgrade Bekovsky sugar refinery has made 85.1 million rubles in 7 months of 2016. Bekovsky sugar refinery has produced 66 700 tons of commodities for total over 2.335 billion rubles in 2015 season.

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According Soyuzrossakhar figures dated September 13, sugar beet harvesting campaign continues in the Southern, North-Caucasian, Central, Volga and Siberian federal districts. The area harvested has reached 210 300 ha of crops (18.9% acreage).

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According to the report of the Accounts Chamber of the Russian Federation, increase in sugar prices was 8.4% in July 2016 compared to December 2015 (in the same period in 2015 prices grew by 10.9%).

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According to the Ministry of Agriculture update as of September 13, 2016, sugar beet was harvested from the area of 03.4 thousand ha or 18.3% of the crop area (in 2015 - 236.2 thousand hectares). Bulk harvest makes 8.8 million tons (in 2015 - 9.1 million tons), with the average yield 43.50 MT / ha (in 2015 – 38.57 MT / ha).

UKRAINE

According to the operative information by "Ukrtsukor" as of September 10, the average weight of sugar beet is 507 grams, which is 11% more than last year (453 grams in 2015). Crops of sugar beet in Ukraine suffer from the heat and lack of rainfall for already a month.

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As of September 13 the country has produced 82.2 thousand tons of sugar, according to "Ukrtsukor". From the beginning of the season 654.7 thousand tons of sugar beet was processed.

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