Dynamics of sugar beet growth in Russia as of 21.08.2018

Latest news are available in our daily reports.

RUSSIA

According to Soyuzrossahar, the dynamics of sugar beet growth is as following as of 21.08.2018:

  • weight of beet - 432 (in 2017 - 460, in 2016 - 482),
  • weight of tops - 308 (in 2017 - 355, in 2016 - 309),
  • sucrose content - 15.80% (in 2017 - 15.88%, in 2016 - 14.49%),
  • plant density - 95 thousand pieces per 1 hectare (in 2017 - 98 thousand pieces, in 2016 - 97 thousand pieces).

According to Sugar.ru price monitoring data for the period from 16.08.2018 to 23.08.2018 the US dollar rate increased by 1.9% (on 16.08 - RUR 66.38/$, on 23.08 - RUR 67.62/$). Ruble Moscow wholesale price for sugar dropped by 1.20 RUR/kg (-3.85%), Krasnodar wholesale price dropped by 1.30 RUR/kg (-4.56%). US dollar Moscow wholesale price for sugar dropped by $0.026 /kg (-5.53%), Krasnodar wholesale price dropped by $0,027 /kg (-6.29%).

With the beginning of the beet harvesting season, many sugar producers are included in the gamble with lower prices, which allows them to buy beets from manufacturers cheaper, as it is tied to the current price of sugar. However, such a reduction is also a loss for sugar producers, who are forced to sell it cheaper. Therefore, this strategy is applied: the company declares low wholesale prices for sugar, but either it limits sales at that price, or sets conditions that make the purchase of cheap sugar risky. The point is that the actual sales of sugar are performed at one price, and price monitoring data fixes lower prices, and the latter is referred to when buying beets. Thus, "declarative" sugar prices fell to the level of 25.5 - 26.5 rubles per kilogram for railcar lot delivery, while real prices for sugar with shipment in 2 weeks are in the range of 26.5 rubles per kilogram and are applicable only for wholesale lots of not less than 1000 tons, and prices for one railcar start at 27 rubles per kilogram. However, following the beginning of the operation of the remaining Russian sugar plants, the price may drop to 25.5 rubles per kilogram in September, similar to the previous season.

According to the railway monitoring, in August the export of sugar is still at the level of 16 000 tons / month (in July - 20 thousand tons per month), imports are also still inferior to July's - 9.8 thousand tons from the beginning of August (15.8 thousand tons for the whole of July). Also, the transit of sugar along the Russian railway made 29,000 tons from the beginning of August 2018, against 47.3 thousand tons for the whole of July fell.

KYRGYZSTAN

According to Statkom of Kyrgyzstan, conducted by Sugar.Ru, sugar production increased over the month by 64558.24% in July 2018 and has made 11767.8 tons (in the previous month - 18.2 tons, in July 2017 - 36.4 tons, in July 2016 - 7.9 tons). Total 31164 tons of sugar have been produced in January-July 2018 (in January-July 2017 - 32133 tons).

UKRAINE

The EBRD provided a working capital loan of $ 20 million to Zerno-Agrotrade LLC and Tsukoragroprom LLC, owned by Astarta Group.

Ukrainian agricultural enterprises sold 491,0 thousand tons of white beet sugar in January-July 2018 (+ 20.3% to the corresponding period of 2017), with an average selling price of UAH 9395.6 per ton (RUB 21,318.61 / t), according to Statkom of Ukraine.

Sugar.Ru

Новости

Аналитика и интересное о сахаре