Sugar news from Russia and Ukraine, Mar 13, 2018

Latest news are available in our daily reports.

RUSSIA

According to the figures by Williams Brasil dated March 13, 2018, total 2 vessels have been nominated to carry 66500 MT of raw cane sugar in 2018 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 33500 MT from 1 vessel, based on Sugar.ru data.

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Since the morning of March 12 the wholesale market of sugar began to rush demand. Companies report a quick sale of daily limits and the closure of trading on the day. A number of companies raised prices by 0.50 - 1.00 rub/kg. The price of 28.00 rubles per kg in Krasnodar, which seemed uninteresting yesterday, today, is sold practically in any volumes. On March 13, the price rally continued, companies reported sales at 29.00-29.50 rubles / kg

UKRAINE

According to the analysis of figures by the State Fiscal Service of Ukraine, in January-February 2018 the export of sugar (HS code 1701) amounted to 117 thousand tons (in 2017 - 178.4 thousand tons), the main recipients of Ukrainian sugar were Turkey, Uzbekistan and Libya. Export of molasses (HS code 1703) was 14 thousand tons, almost all of it went to Hungary.

Sugar.Ru

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