Russian and CIS sugar news, Jul 13, 2017

Latest news are available in our daily reports.

RUSSIA

In the period July 4-10, 2017, Russian consumer sugar prices increased by 2.1%; from the beginning of July 2017 - by 2.8%, and from the beginning of the year - decreased by 3.5%, according to Rosstat.

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In 23 districts of Bashkortostan, including beet-growing ones, the emergency situation alert will be introduced, due to the loss of the harvest.

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Soyuzrossahar predicts a 10-20% decrease in sugar beet production in Russia due to cold and wet weather in many regions of Russia, but he Krasnodar Territory sugar production may increase, due to large acreage (up by 7% from previous season).

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The State Duma rejected a bill on a state monopoly on the production and turnover of sugar

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According to price monitoring by Sugar.ru for the period from 06.07.2017 to 13.07.2017, the dollar rate increased by 1.8% (on July 06 - 59.58 rubles/$; on July 13 - 60.62 rubles/$). The ruble Moscow wholesale price for sugar fell by 1.50 rubles per kilogram (-3.25%), the Krasnodar wholesale price decreased by 1.50 rub/kg (-3.49%). Dollar wholesale Moscow sugar price fell by $ 0.038/kg (-4.90%), the wholesale Krasnodar price dropped by $ 0.037/kg (-5.12%).

UKRAINE

According to Ukrstat, on July 10, 2017 the average consumer price of sugar in Ukraine was 16.27 UAH / kg (37.76 rubles / kg at the Central Bank exchange rate for the reporting day), which is -0.37% less than the price for the previous date of observation (10 days ago). For the year (vs. June 30, 2016) sugar has grown in price by 13.51%, for two years (vs. July 10, 2015) the price of sugar has grown by 11.53%. The highest prices are observed in the Luhansk region -17.39 UAH / kg, the lowest - in the Lviv region, 15.63 UAH / kg.

KYRGYZSTAN

According to Statkom, average consumer sugar prices were 55.40 KGS / kg in June 2017 (+3.23% compared to the previous month, + 3.42% YTD and + 1.33% as of June 2016) which makes RUR 46.16/kg at the exchange rate of the Central Bank of the Russian Federation for the middle of the reporting month

AZERBAIJAN

The President of Azerbaijan has instructed the government to implement a set of measures to expand the acreage of potatoes, soybeans and sugar beet.

Sugar.Ru

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