Sugar news from Russia, Uzbekistan and Ukraine, Sept 14, 2018

Latest news are available in our daily reports.

RUSSIA

According to the analysis of customs declarations of FCS conducted by Sugar.ru, in July 2018 Russia has exported 379.1 thousand tons of molasses. According to the results of 7 months of molasses export campaign, Russia has shipped out 379.1 thousand tons (in 2017 - 288.0 thousand MT; in 2016 - 203.4 thousand MT). In the period January - July 2018, the main countries importers of molasses from Russia were TURKEY (50.47%) and SPAIN (16.46%).

UZBEKISTAN

A.R.Toshev from Tashkent became the owner of JV of "Khorazm Shakar" (Khorezm Sugar Factory JSC), having purchased 2.8 million shares of the company at exchange trades, which is 99.43% of the company's authorized capital. The market capitalization of the enterprise is 14.2 billion soums ($ 1.8 million). The Khorezm sugar factory worth $ 83.25 million was put into operation in 1998.

UKRAINE

According to Gosstat, the average consumer price of sugar was 15.78 UAH/kg in August 2018 (or 37.90 rubles / kg at the average monthly rate of the Central Bank for July 2018).

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