Russian and CIS sugar news, Jul 16, 2018

Latest news are available in our daily reports.

RUSSIA

Since May 2018 Russia has regained the status of a net importer of white sugar, according to the leading expert of the Institute for Agricultural Market Studies (IKAR), Evgeny Ivanov. During the season-2017/18, Russia increased sales of beet sugar by 50% and by the end of July, according to the IKAR estimate, it will reach 491 thousand tons against 327 thousand tons in the previous agricultural year.

KAZAKHSTAN

According to the analysis of Statkom of Kazakhstan, conducted by Sugar.ru, production of sugar and molasses decreased over the month by 86.31% and has made 2268.0 tons in June 2018 (in the previous month - 16562.0 tons, in June 2017 - 34097.0 tons, in June 2016 - 46083.0 tons). Total 168958 tons of sugar and molasses have been produced in January-June 2018 (in January-June 2017 - 171311 tons).

TURKMENISTAN

The sowing of sugar beet has been completed in Turkmenistan, the local press reports. Harvesting campaign will begin in October. Sugar beet is located in irrigated areas of 17 thousand 900 hectares, from which 220 thousand tons and more are harvested per year for the production of planned 11 thousand tons of sugar.

UKRAINE

According to the balance sheet of the Economic Discussion Club as of July 1, 2018, the domestic consumption of sugar in September-June 2017/2018 MY was estimated at 1.1 million tons, in 5 months of this season total 501 thousand tons of sugar were exported, the commodity balance was estimated in 0.7 million tons as of July 1, 2018, which is 2.2 times higher than their level for the same date last year.

Sugar.Ru

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