Sugar price monitoring data by Sugar.ru and beets harvest news from CIS, Nov 23, 2017

Latest news are available in our daily reports.

RUSSIA

Consumer prices for sugar decreased by 0.8% from November 14 to November 20, 2017 in Russia and from the beginning of the year (by the end of December 2016) - by 20.1%, according to Rosstat.

According to Sugar.ru price monitoring data for the period from 16.11.2017 to 22.11.2017 the US dollar rate dropped by -1,3% (on 16.11 - RUR 60,25/$, on 22.11 - RUR 59,46/$). Ruble Moscow wholesale price for sugar increased by 1,70 RUR/kg (+6,42%), Krasnodar wholesale price increased by 0,80 RUR/kg (+3,20%). US dollar Moscow wholesale price for sugar increased by $0,034 /kg (+7,73%), Krasnodar wholesale price increased by $0,019 /kg (+4,58%).

On Monday afternoon the rise in sugar prices gave way to a decline. To speak of a full-fledged decline to a recent level of 22-23 rubles / kg is not yet possible, at the moment it is more like a correction, wholesale prices for wholesale shipments from factories are around 26-27 rubles per kilogram. Sugar prices are supported by several factors: a relatively low ruble rate, now the dollar costs about 59 rubles (recently dropped to 57), a significant volume of exports, a restriction in supply volumes by large companies, an increase in the price of a sugar contract at the stock exchange and incomprehensible prospects with harvesting the remaining crop .

Export of sugar by rail in November has grown significantly and makes impressive 34 thousand tons by November 22. The leader in the import of Russian sugar is Kazakhstan (11,800 tons), Azerbaijan is on its heels (10,400 tons), Uzbekistan has started to receive substantial amounts of 9,000 tons. Total, from the beginning of the season to November 22, Russia has exported 94.6 thousand tons of white sugar by rail, while in August-November of the previous season - 57 thousand tons. Sugar to Uzbekistan is already supplied by 10 Russian plants. To this, it is necessary to add hard-to-consider automobile exports to Kazakhstan, Azerbaijan and Armenia, and absolutely "sulfur" exports to the territory of Lugansk and Donetsk regions. If the current trend continues, sugar exports can be expected to exceed 400 thousand tons in the 2017/18 season.
 

UKRAINE

As of November 22, total 1.53 million tons of sugar were produced out of 10,80 million tons of sugar beet processed at 46 sugar factories operating, Ukrtsukor reports.

According to the State Statistics Service of Ukraine 721 thousand tons of beet sugar were produced , in October 2017 (+ 152.3% against the previous month and + 6.8% by October 2016).

MOLDOVA

The yield of sugar beet reached 35-41 MT/ha. According to forecasts, the volume of sugar production in the country will exceed 100 thousand tons, according to the Moldovan Ministry of Agriculture.

KAZAKHSTAN

The Aksu Sugar Factory (Alma-Ata oblast), which was idle for about 10 years, was launched. The plans include the launch of Alakol and Karabulak sugar factories, as announced by the administration of the region.

UZBEKISTAN

Sugar has risen sharply in the markets of Tashkent - on November 22, 2017 it was sold at a price of 6,500 soums per kilogram. In some outlets, the price jumped up to 7,500 soums per kg, the local press reports. The cost of sugar increased by an average 35-40% – a few days earlier it was in the range 4500 to 5000 soums / kg (33.09-36.77 rubles / kg).

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Consumer prices for sugar in Uzbekistan increased by 25.7% in ten months of 2017 compared to December 2016, Statkom reports.

Sugar.Ru 

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