ROS AGRO PLC trading update for 1Q 2018 and other sugar news, Apr 23, 2018

Latest news are available in our daily reports.

RUSSIA

In Stavropol the sowing of sugar beet on 31.9 thousand hectares (or 100.0% of the plan) was completed on April 21, the regional agriculture ministry reports.

According to preliminary data published by ROS AGRO PLC, revenue of the sugar segment of GC Rusagro for 3 months of 2018 decreased by 30% to 5.2 billion rubles due to the fall in sugar prices and sales volumes by 16%.

Q1 2018

Q1 2017

Change, % 

Sugar segment

Revenues, million rubles.

5 214

7 410

-30%

Volume of production, thousand tons

9

122

-93%

  - beet sugar

9

122

-93%

Sugar sales volume, thousand tons

166

196

-16%

Average price for white sugar, rubles / kg excluding VAT

27,9

33,4

-16%

 Agriculture business

Volume of sugar beet sales, thousand tons

2

452

-100%

Average price of sugar beet, rubles / kg excluding VAT

1,0

2,1

-53%

BELARUS

On April 20, 2018, total area of 49 thousand hectares was sown with sugar beet which makes 49.7% of the plan (in 2017 - 54.7 thousand hectares), according to the Ministry of Agriculture and Food.

UKRAINE

By April 20, sugar beet sowing was performed on an area of 191 thousand hectares, which is 63% of the forecast, the Ministry of Agrarian Policy said.

Sugar.Ru

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