Price monitoring data by Sugar.ru and sugar news from Kyrgyzstan, Jun 15, 2017

Latest news are available in our daily reports.

RUSSIA

According to the Novorossiysk Sea Port administration, the volume of transhipment of sugar amounted to 151 thousand tons in January-May 2017, which is 186 thousand tons or 55.2% less than in 2016.

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The consumer price for refined sugar has made average 43.51 rubles per 1 kg in May 2017, which is RUR 1.13 less than a month ago, Rosstat reports.

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According to price monitoring by Sugar.ru in the period from 08.06.2017 to 15.06.2017, the US dollar rate increased by 0.8% (on June 08 - RUR 56.59/$; on June 15 - RUR 57.03/$). The ruble Moscow wholesale price for sugar increased by RUR 1.30/kg (+ 3.33%), the Krasnodar wholesale price increased by RUR 1.60/kg (+ 4.21%). The US dollar wholesale Moscow sugar price increased by $ 0.018/kg (+2.61%), the wholesale Krasnodar price increased by $ 0.022/kg (+3.27%).

The growth of wholesale prices occurs in absolutely all regions, every day the prices grow by RUR 0.5–1.0/kg. Regional buyers, being initially sceptical about this trend, are forced to accept these rules and buy expensive sugar. However, this growth has not yet reached the end-user, while the stores sell out old "cheap" stocks. Thus, today in "Pyaterochka" of Moscow sugar costs about RUR 38.50/kg while the wholesale prices are RUR 40 and above per kg.

Cold weather reduces expectations for the harvest and shifts the start of the new season to a later date, which means that companies do not have any reason to dump sugar by dropping it.

Nevertheless, probably in the near future we will see a stop of the price growth, and maybe witness even a reverse trend. In any case, it will already make sense to import raw sugar at a price of RUR 44/kg and wait for the visit of FAS representatives, so the resistance level will be somewhere at RUR 42.00-43.00/kg.

KYRGYZSTAN

The newly modernized sugar plant “Koshoy” is scheduled to start operations in October 2017, according to Alexander Barbalat, General Director of the plant.

Sugar.Ru

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