Sugar news from EAEC, Russia, Moldova and Kazakhstan, Jan 09, 2018

Latest news are available in our daily reports.

RUSSIA

According to the analysis of customs declarations of FCS conducted by Sugar.ru, in November 2017 Russia has imported 9.1 thousand tons of white sugar. According to the results of 11 months of white sugar import campaign, Russia has shipped in 229.6 thousand tons (in 2016 - 265.4 thousand MT; in 2015 - 318.3 thousand MT). In the period January - November 2017, the main countries exporters of white sugar to Russia were BELARUS (82.31%) and POLAND (10.92%).

In November 2017 Russia has exported 395.8 thousand tons of white sugar. According to the results of 11 months of white sugar export campaign, Russia has shipped out 395.8 thousand tons (in 2016 - 71.2 thousand MT; in 2015 - 6.6 thousand MT). In the period January - November 2017, the main countries importers of white sugar from Russia were Azerbaijan (26.59%) and Kazakhstan (25.00%)

EAEC

The Agreement on the Customs Code of the Eurasian Economic Community (the EAEC CC) dated 11 April 2017 has taken effect starting from January 1, 2018.

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The duty on import of raw sugar to the Customs Union has decreased to $ 203/MT in January 2018. The average monthly price for raw sugar at the ICE stock exchange was $ 318,09/MT in December 2017, respectively, the import duty in February 2018 will grow to $ 240/MT.

KAZAKHSTAN

According to the analysis of data by the Federal Customs Service of Kazakhstan, conducted by Sugar.Ru, in 11 months (January - November) 2017 the foreign trade with countries outside CU zone is like follows: import of raw sugar (HS code170114) has made 243.66 thousand MT (73.83% compared to the same period in 2016). Import of white sugar in solid state (HS code170199) has made 22.90 thousand MT (29.39% compared to the same period in 2016), export - 19.13 thousand MT (455.46% compared to the same period in 2016)

MOLDOVA

In 2017, the sugar industry enterprises of Moldova have processed about 878 thousand tons of sugar beet and produced 128 thousand tons of sugar - a result close to the maximum production indicators of the last five years (130-135 thousand tons of sugar).

Sugar.Ru

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