Sugar news from Russia, Kazakhstan and EEC, May 03, 2018

Latest news are available in our daily reports.

RUSSIA

According to the Ministry of Agriculture, by April 28, 2018, sugar beet was sown on an area of 458.8 thousand hectares or 41.9% of the forecast (in 2017 – 769.7 thousand ha).

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Average consumer price for refined sugar amounted to 36.12 rubles per 1kg in March 2018, which is 0.44 rubles higher than a month ago, reports Rosstat.

KAZAKHSTAN

According to the analysis of figures by the FCS of Kazakhstan, in 3 months (January-March) of 2018 the trade balance with the countries outside CU zone looks as follows: the import of raw sugar (HS code 170114) was 104.28 thousand tons, deliveries came from Brazil and Cuba. Imports of white sugar (HS code 170199) amounted to 5.14 thousand tons, exports - 44.08 thousand tons, almost the whole volume – to Uzbekistan.

EEC

The customs duty on imports of raw sugar to the Customs Union increased to $ 250/MT in May 2018. The average monthly price for raw sugar at the exchange "The ICE" was $ 261.00/MT in April 2018, respectively, in June 2018 the import duty will remain at $ 250/MT

Sugar.Ru

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