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RUSSIA
Dobrinsky sugar refinery will invest over 1 billion rubles in the reconstruction of the enterprise in 2017, the construction of a sugar storage warehouse for 50,000 tons with the dispatch point has started already, an additional 12 MW turbine is being installed, the company's CEO Vladimir Arustamov said.
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According to the Ministry of Agriculture report dated March 29, 2017, total 16.3 thousand hectares or 8.8% of the forecast was sown with sugar beet in Krasnodar and Chechen Republic.
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Consumer prices for sugar fell by 0.8% from March 21 to March 27, 2017, and from the beginning of the year (vs. the end of December 2016) - by 8.5%, according to Rosstat.
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According to price monitoring by Sugar.ru for the period March 23-30, 2017, the US dollar rate has dropped by 1.1% (on March 23: 57.64 rubles/$; on March 30: 57.02 rubles/$). The ruble Moscow wholesale price for sugar increased by 0.70 rub/kg (+ 2.06%), the Krasnodar wholesale price increased by 1.00 rub/kg (+ 3.12%). Dollar wholesale Moscow sugar price rose by $ 0.019/kg (+ 3.22%), the wholesale Krasnodar price increased by $ 0.023/kg (+ 4.13%).
Prices in the market remain high, but buyers refuse to take expensive sugar, sellers complain about low demand. The prices (basis Krasnodar) are at the level of 33 rubles per kilo, with cheaper offers from the plants of the Central Federal District, considering the logistics of delivery, reaching 32.7 rubles per kilo recalculated basis Krasnodar. The companies unanimously complain about extremely low demand, and judging by all factors, the potential for price growth has been exhausted. The first quarter is coming to an end and the companies that have sold the planned volumes of sugar will start selling sugar in the second quarter, which will result in an increase in supply. Combination of these factors contributes to lower prices, which, most likely, we will see in the next week or two.
Belarus continues to import raw sugar, from the beginning of the year a volume of 117 thousand tons of raw sugar have been shipped to national plants, additionally a vessel with 29 thousand tons is anticipated to arrive. The continuing decline in the price of Contract #5 for white sugar and the US dollar's exchange rate, which limits the export of sugar, do not cause optimism in the market.
KAZAKHSTAN
In the ten days past (from March 18 to 28, 2017) the price for refined sugar has not changed. Since early March, the granulated sugar has become cheaper by 1.9%, from the beginning of the year - by 5%, according to local StatCom.
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КОММЕНТАРИИ