Sugar price monitoring data by Sugar.ru and news from Kazakhstan and Ukraine, Aug 16, 2018

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RUSSIA

According to Sugar.ru price monitoring data for the period from 09.08.2018 to 16.08.2018 the US dollar rate increased by 4,4% (on 09.08 - RUR 63,60/$, on 16.08 - RUR 66,38/$). Ruble Moscow wholesale price for sugar dropped by 0,40 RUR/kg (-1,27%), Krasnodar wholesale price dropped by 0,70 RUR/kg (-2,40%). US dollar Moscow wholesale price for sugar dropped by $0,027 /kg (-5,43%), Krasnodar wholesale price dropped by $0,030 /kg (-6,54%).

Almost all factories in the Krasnodar region are launched, and until September 1, the majority of the Black Soil (Chernozemye) Russian regional plants are planned to be commissioned. Proposals for sugar for delivery in September have already reached 28.5 rubles per kilo. (basis Krasnodar), and, judging by everything, prices will fall further to the level of export parity, which today is about 340 USD, excluding VAT (22,50 rubles / kg). Prodimex and Dominant tried to maintain high prices, but were forced to sell at market prices (29-30 rubles / kg). The price drop is pressed down by the overall decline in prices of raw sugar at the exchange (10.23 ct/lb), the last time such low prices were more than 10 years ago, for the increase - the growth of the dollar.

According to the railway monitoring, in August the export of sugar is still at the level of July, 20 thousand tons per month, imports from the beginning of the month also grew to the level of July and for 15 days amounted to 6.9 thousand tons (in July only 15, 8 thousand tons). Transit of white sugar since the beginning of August amounted to 21.1 thousand tons, of which 17.0 thousand tons went to Uzbekistan. Two steamships with sugar raw, destined for Kazakhstan, and continue to stand in the port of Novorossiysk, one from March 29, the second from April 24, 2018.

KAZAKHSTAN

According to the analysis of Statkom of Kazakhstan, conducted by Sugar.Ru, production of sugar and molasses decreased over the month by 63.67% in July 2018 and has made 824.0 tons (in the previous month - 2268.0 tons, in July 2017 - 28377.0 tons, in July 2016 - 48154.0 tons). Total 169782 tons of sugar and molasses have been produced in January-July 2018 (in January-July 2017 - 199688 tons).

UKRAINE

According to the State Statistics Service, the average price for white sugar from producers was UAH 9675.84 per metric ton, in July 2018 (23039.72 rubles per ton at the average monthly rate of the Central Bank of the Russian Federation). In June 2018 the average price was UAH 9396.12/MT (RUB 22483.88/MT).

"Astarta", the largest producer of sugar in Ukraine, has published a report for the first half of 2018. In the reporting period, the sugar segment generated revenue of 67.5 million Euros, or 39% in the consolidated revenue structure of the company. Sales amounted to 185 thousand tons with a decrease in prices by almost 27%. About half of sales were exports - 92 thousand tons.

Sugar.Ru

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