Sugar price monitoring data by Sugar.ru and news from Belarus, Jul 26, 2018

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RUSSIA

According to Sugar.Ru price monitoring data for the period from 19.07.2018 to 26.07.2018 the US dollar rate increased by 0.3% (on 19.07 - RUR 62.90/$, on 26.07 - RUR 63.08/$). Ruble Moscow wholesale price for sugar dropped by 0.70 RUR/kg (-2.15%), Krasnodar wholesale price dropped by 0.40 RUR/kg
(-1.27%). US dollar Moscow wholesale price for sugar dropped by $0,013 /kg (-2.51%), Krasnodar wholesale price dropped by $0,008 /kg (-1.60%).

Over the past week, wholesale prices for sugar, after short-term growth, began to fall again. Apparently, the final demand has not emerged, and companies are trying to sell the balances before the new season, which is quite close.

Exports of sugar by rail increased over 26 days in July, you can expect about 22 thousand tons of exports in July, while exports in June made 15.7 thousand tons. Sugar import to Russia by rail decreased significantly, total 15 thousand tons are expected to be imported in July whereas in June a volume of 28. 5 thousand tons of white sugar was imported. Transit of sugar by Russian railway to Central Asia and Azerbaijan has slightly decreased, anticipated month volume makes 46 thousand tons (51 thousand tons in June).

According to the Belarusian customs, in 5 months of 2018 Belarus received 6.7 thousand tons of white sugar from Poland. Unofficially, the Belarusian side informs that it is Kazakh sugar, which is technically cleared in Belarus. The official export of Belarusian sugar to Kazakhstan makes 29 thousand tons for five months. According to the railway monitoring data, the export of Belarusian sugar to Kazakhstan for the first five months amounted to 45.8 thousand tons. Two steamships with raw sugar for Kazakhstan continue to stay on roads in the port of Novorossiysk.

The rains and sunny weather prevail in the Krasnodar region, so you can expect an improvement in the situation with sugar beets, but the degree of improvement will become clear in a few days. The main sugar enterprises plan to launch processing by August 10. Our forecast of sugar production for the season continues to be within the range of 6.20 - 6.25 million tons.

BELARUS

Stocks of sugar with the industrial enterprises amounted to 144.0 thousand tons as of July 1, 2018, which is 33.5% less than it was as of June 1, 2018, according to the National Statistics Committee.

Sugar.Ru

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