Russian and Ukrainian sugar news, Oct 23, 2018

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RUSSIA

“Ekoniva” Group of Companies has filed a petition with the Federal Antimonopoly Service of the Russian Federation to acquire 100% of Kursk-based LLC “Konek-Gorbunok” and LLC “Sugar Plant Konek-Gorbunok” (Belovo Sugar Factory).

According to the Ministry of Agriculture, on October 22, 2018, sugar beet was harvested from an area of 942.1 thousand hectares or 85% of the crop acrege (in 2017 - 840 thousand hectares).

According to the figures by Williams Brasil dated October 23, 2018, total 11 vessels have been nominated to carry 408894 MT of raw cane sugar in 2018 season from Brazilian seaports to the Black/Baltic seaports with end-receivers in CIS, Georgia and Baltic states. As of today, the volume received and unloaded makes 368894 MT from 10 vessels, based on sugar.ru data.

UKRAINE

According to the analysis of the data of the State Fiscal Service of Ukraine, conducted by sugar.ru, in 8 months of 2018 (January-August), the export of white sugar (HS 170199) was 386 486 tons, in August - 22,419 tons. The main importers of white sugar from Ukraine are: Uzbekistan (197 000 tons), Turkey (33 000 tons), Libya (32 000 tons) and the United Kingdom (23 000 tons).

Upon the results of 9 months of 2018 (January-September) the average selling price of sugar beet amounted to 776.5 UAH. (1812.86 rubles) per ton (excluding VAT, subsidies, transportation, expeditionary and overhead costs.), According to the State Statistics Service.

Sugar.Ru

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