Price monitoring data by Sugar.ru and news from Ukraine and Moldova, Nov 10, 2016

Latest news are available in our daily reports.

RUSSIA

According to the Ministry of Agriculture, sugar beet was harvested from 1.0191 million hectares by November 9, 2016, which makes 91.8% of the crop area.

*

According to the data of price monitoring by Sugar.ru for the period October 03 – 11, 2016 the US dollar exchange value increased by 0.8% (on October 03 US$ 1=RUR 63.42; on October 03 US$ 1=RUR 63.89). Moscow ruble price of sugar fell by RUR 0.20/kg (-0.53%), Krasnodar price fell by RUR 0.90/kg (-2.46%). US dollar price of sugar fell by US$ 0.007/kg (-1.17%) in Moscow, and by US$ 0.018/kg (-3.12%) in Krasnodar.

*

Sugar of new crop continues to put pressure on the market. According to recent reports, the total beet harvest should be expected of about 49 million tons, the average production yield of sugar as of today is around 13% (according to the results of processing of 20 million tons of beet). Our previous estimation of 5.63 million MT seems low today, and, probably, the total production of sugar in the season may exceed 5.7 mln MT. Last week featured not very successful attempts of companies to keep market prices up, but at the end the prices dropped another RUR 0.90/kg in Krasnodar and by RUR 0.60/kg in the Central Russia. Low prices encourage the export of sugar, so 19.400 tons was exported by rail in October and a volume of 7 900 of white sugar was shipped across border in the first 9 days of November. The scale of exports may set the level of price support, and may stabilize the situation in the market.

UKRAINE

The income of sugar segment of “Astarta” amounted to 100 million euros for the 9 months 2016. Sales fell by 11% to 237 thousand tons. Exports made about 45 thousand tons of sugar (19% of total sales). This season Astarta plans to process 3.2 million tons of sugar beet, 70% of which is grown in the grove farm, according to a company statement.

*

The Ukrainian sugar plants have received 9.5 mln tons of sugar beet from the start of juice extracting season. By November 9, 2016 the volume processed has made 8.48 million MT with 1,243,600 tons of sugar produced, according to "Ukrtsukor".

*

By November 9 the country has harvested sugar beet from the area of 241 thousand ha (or 83% of total acreage), bulk volume collected makes 11.5 million tons of sugar beet with average yield of 47.6 MT/ha (on same day last year – 41.6 MT/ha), according to the Ministry of Agrarian Policy.

MOLDOVA

In October 2016 the consumer prices for sugar increased by 0.9%, from the beginning of the year – by 7.5%, while in annual terms (October 2016 to October 2015) the increase made 9.4%, according to the Moldovan Bureau of Statistics.

Sugar.Ru

Новости

Аналитика и интересное о сахаре

News in English (delayed)