Russian and CIS sugar news, Feb 20, 2018

Latest news are available in our daily reports.

RUSSIA

In 2018 the sugar beet crops will be reduced by 3% from the previous year, according to the plan of spring field work by the Stavropol regional Ministry of Agriculture.

According to the figures by Williams Brasil dated February 20, 2018, total 23 vessels have been nominated to carry 803520 MT of raw cane sugar in 2017/18 season from Brazilian seaports to the Black/Baltic seaports with end-receivers in CIS, Georgia and Baltic states. As of today, the volume received and unloaded makes 737020 MT from 21 vessels, based on Sugar.ru data.

BELARUS

Reducing the marginal minimum price for sugar is not allowed with the help of promotional programs and gifts, the Ministry of Antimonopoly Regulation and Trade explains. At the end of last year, MART set the minimum sugar prices at least 1.5 Bel rubles (incl. VAT) (around 43.12 rubles / kg).

KAZAKHSTAN

According to Statkom, in December 2017 sugar imports (HS code 1701) amounted to 32.27 thousand tons, thus total 450.29 thousand tons were imported in January-December 2017. Import of molasses ((HS code 1703) has made 1.42 thousand tons, and in January - December 2017 - 5.92 thousand tons.

UKRAINE

According to the National Research Center "Institute of Agrarian Economics", the production of sugar beets will be reduced by 4.6% in 2018.

According to "Ukrtsukor", in 2017/2018 MY the country has produced 2.14 million tons of sugar (+ 6.5% against last year - 2.01 million tons).

In January 2018 the average selling price of sugar beet was UAH 815.9 per ton without VAT, subsidies, transportation, forwarding and overhead costs (around 1,700.42 rubles / ton - at the current rate of the Central Bank), Statkom reports.

Sugar.Ru

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