Sugar price monitoring data by Sugar.ru and news from Kazakhstan and Ukraine, Dec 14, 2017

Latest news are available in our daily reports.

RUSSIA

Consumer sugar prices fell by 0.5% in December 5-1, 2017 in Russia, and from the beginning of the year (by the end of December 2016) - by 22.7%, according to Rosstat.

According to Soyuzrossahar, as of December 13, 2017, for the first time in history sugar plants in Krasnodar region  produced more than 1.5 million tons of sugar from sugar beet harvest in 2017.

According to Sugar.ru price monitoring data for the period from 07.12.2017 to 14.12.2017 the US dollar rate increased by 0,4% (on 07.12 - RUR 58,93/$, on 14.12 - RUR 59,14/$). Ruble Moscow wholesale price for sugar has not changed, staying at level 27,30 RUR/kg, Krasnodar wholesale price increased by 0,20 RUR/kg (+0,80%). US dollar Moscow wholesale price for sugar dropped by $0,001 /kg (-0,22%), Krasnodar wholesale price increased by $0,002 /kg (+0,47%).

Sugar prices were more or less stable  in the range 25,50-26.00 rubles / kg at the beginning of the week, but the demand was low and there were periodic reports that companies (without large advertising)  sell sugar even at 25.00 rubles/kg. On Wednesday, "Prodimex" tried to swing the market, raising the price slightly, but it did not yield any results. On Thursday, the quantity (or rather, the absence of it) turned into quality, and Rusagro lowered price to 24.70 rubles per kilogram for self-delivery by railcars, as well as the price of lot at the stock exchange. Expectations of high demand before the New Year are not justified for the second year in a row and, probably, we should expect a further decline in prices.

Export shipments again show fantastic results, for the 14 days of December more than 41,000 tons were exported only by railroads , which means that our previous forecast of 60,000 tons of rail exports in December may not be optimistic enough. The lion's share of Russian sugar (73% in the first half of December) is taken by Uzbekistan, and Russian sugar makers are thankful for the unexpected appearance of such market in such a difficult year. At the same time, exports to Azerbaijan and Kazakhstan fell, however, a decline in prices could change these proportions.

KAZAKHSTAN

According to the analysis of data by the Federal Customs Service of Kazakhstan, in 10 months (January - October) of 2017 with the EEA countries, import of white sugar in solid state (HS code 170199) has made 136,6 thousand MT.

UKRAINE

As of December 13, the country has produced 1.83 million tons of sugar out of  12.83 million tons of sugar beet processed. This current season total 46 enterprises processed sugar beet, "Ukrtsukor" reports.

Sugar.Ru 

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