Russian, Ukrainian and Customs Union sugar news, Sept 06, 2017

Latest news are available in our daily reports.

RUSSIA

Consumer prices for granulated sugar decreased by 2% in Russia in August 2017; in annual terms (from August 2016) - by 16.5%, according to Rosstat.

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According to Soyuzrossahar, as of September 5, 2017, total 156.3 thousand hectares of crops were harvested (13.0% of the area sown). In 2016, on this date, 127.5 thousand hectares were harvested.

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According to the Ministry of Agriculture, as of September 5, 2017, the total acreage of sugar beet harvested makes 155.2 thousand hectares or 13% of the area sown (in 2016 - 122.0 thousand hectares).

UKRAINE

Five sugar factories of Ukraine operate as of September 5; total volume processed makes 81.7 thousand tons and 7.3 thousand tons of sugar produced. In 2017/2018 MY the plans hold launch of 46 sugar plants and production of sugar at the level of previous season – around 2 million tons. Domestic consumption is estimated at 1.5 million tons, according to the Ministry of Agrarian Policy.

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According to the State Fiscal Service, for 8 months (January-August) of 2017 the export of sugar (the code of HS code 1701) has made 425 855 tons for $ 209 293 thousand. The largest sugar exporter is Denmark (25.59%), the main importer of Ukrainian sugar - Sri Lanka (9.84%).

CUSTOMS UNION

The duty on import of raw sugar to the Customs Union remained at $ 240/MT in September 2017. The average monthly price for raw sugar at the ICE stock exchange was $ 304.21/MT in August, respectively, the import duty in October 2017 will remain at the level of September - $ 240/MT.

Sugar.Ru

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