Development of sugar beet in Russia as of 11.08.2018

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RUSSIA

According to Soyuzrossahar, the development of sugar beet is as follows as of August 11:

  • The weight of the beet - 381 (in 2017 - 400, in 2016 - 425),
  • The weight of the tops is 320 g (in 2017 - 373 g, in 2016 - 324 g)
  • Sucrose content - 14,27%. (in 2017 - 14.56%, in 2016 - 13.39%)

According to the Ministry of Agriculture, on August 14, 2018, total acreage harvested makes 8.4 thousand hectares or 0.7% of the sown area (in 2017 - 15.6 thousand hectares). Bulk harvest makes 266.7 thousand tons (in 2017 - 726.1 thousand tons), with a yield of 31.94 MT/ha (in 2017 – 46.43 MT/ha).

UKRAINE

According to the balance calculations of the Economic Discussion Club (EDC) as of August 1, 2018 the domestic consumption of sugar in Ukraine is estimated at 1.2 million tons in September-July 2017/2018 MY. According to customs statistics, 538,000 tons of sugar were exported over 11 months of this season, which is 28% less than the corresponding period of the previous season. The largest volumes of Ukrainian sugar were imported by Uzbekistan, Turkey and Sri Lanka. Import of sugar was practically none. Given the sugar reserves at the beginning of the marketing year, the actual domestic consumption and exports, its balances as of 01.08.2018 are estimated at 0.6 million tons, which is 2.2 times higher than their level for the same date last year.

According to Gosstat, the average consumer price of sugar in Ukraine was UAH 14.92/kg in July 2018 (or 35.53 rubles/kg at the average monthly rate of the Central Bank for July 2018).

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