Latest news are available in our daily reports.
RUSSIA
According to Soyuzrossahar, in some regions of the CFD more than 40 thousand hectares of sugar beet crops were affected. According to preliminary data, the largest loss of crops occurred in the Lipetsk region – more than 30 thousand hectares, these areas should be re-sown. Earlier in the Krasnodar Territory, due to strong winds, up to 14 thousand hectares of sugar beet crops suffered, most of the crops were already promptly re-settled.
*
The Hydrometeorological Center of the Russian Federation forecasts night frosts on May 12-13, in the southern part of the Central District it is expected that the temperature will be -3 ... -1°C at night and down to -6°C in Ryazan region, and -5 ... -1°C at night in the greater part of the Volga district.
*
According to the Ministry of Agriculture, by May 11, 2017, sugar beet (factory) was sown at an area of 1092.2 thousand hectares or 96.7% of the forecast (in 2016 - 989.5 thousand hectares).
*
Loss of sugar beet as a result of frosts can play a positive role, given the surplus of sugar production in 2016/17 MY, and an increase in acreage for the following year. The second year with such yield and volume of production could bring down prices and even lead to bankruptcy of a number of sugar companies. Re-sowing of sugar beet will not only lead to additional costs for new seeds (up to € 100/ha for elite seeds, like Strube and Betaseed, and the same cost for seeding operation), but also reduce the yield and sugar content of beets – the losses due to late beet development could not be compensated by late harvesting. But the bonuses from the possible reduction of the harvest and, accordingly, the increase in the price of sugar, will not be received by all, the winners will be companies that were not affected by the freezing.
BELARUS
According to Statkom, the average consumer price for refine sugar has decreased by 1.25% (from the beginning of the year - by 1.2%), and amounted to 1.71 Bel. Rubles per 1kg in April 2017 (or RUR 52.28/kg at the current rate of the Central Bank of the Russian Federation).
*
As of May 12, 2017, 95.9 thousand hectares of sugar beet were sown in the Republic of Belarus (99.8% of the plan), the Ministry of Agriculture and Food of Belarus informs.
2 )
КОММЕНТАРИИ