Sugar price monitoring data by Sugar.ru and some other sugar news, Nov 01, 2018

Latest news are available in our daily reports.

RUSSIA

According to Sugar.ru price monitoring data for the period from 25.10.2018 to 01.11.2018 the US dollar rate dropped by -0,1% (on 25.10 - RUR 65,63/$, on 01.11 - RUR 65,60/$). Ruble Moscow wholesale price for sugar increased by 1,40 RUR/kg (+3,64%), Krasnodar wholesale price increased by 0,20 RUR/kg (+0,54%). US dollar Moscow wholesale price for sugar increased by $0,021 /kg (+3,58%), Krasnodar wholesale price increased by $0,004 /kg (+0,70%).

Over the past week, the uptrend of wholesale prices for sugar has stopped and seems to be replaced by a slow decline. By the end of the week, the competitive price in Krasnodar dropped to 37 rubles per kg, although most companies continue to announce minimum prices not lower than 37.50 rubles / kg. The sales of sugar at the Russian stock exchange fell, there are no offers at a new competitive price there either. The crisis with free railcar continues, actually today two different sugar markets are being formed: self-pickup and carload shipments, each with its own price.

According to Sugar.ru railway monitoring data, Russia imported 29.7 thousand tons of white sugar in October 2018, which more than twice higher than the imports in September. The last time such high import figures were recorded in July 2016. Export of white sugar by rail amounted to 16.1 thousand tons in October (of which 14.6 thousand tons to Kazakhstan), remaining at the level of the last three months. Compared to September, Ukrainian transit shipments of sugar by the Russian railway to Tajikistan, Uzbekistan and Azerbaijan increased sharply (a total volume of 38.7 thousand tons against 10 thousand tons in September).

*

FAS, having trained on grain producers, decided to take control over likes in Facebook off-exchange sugar deals, saying that such deals should be compulsory registered at the stock exchange.

UKRAINE

According to Ukrstat data, processed by Sugar.ru, the production of sugar in September 2018 has made 263021.0 MT (in September 2017 - 285795.0 MT). Total 333387 MT of sugar have been produced in January-September 2018 (in January-September 2017 - 296509 MT). The stocks of sugar increased to 159486 MT in September 2018 (+223.63% vs. last month, +8.44% vs. September 2017 and -80.43% vs. December 2017). Also, total 1273521 MT of beet pulp and 333387 MT of molasses have been produced in January-September 2018.

ARMENIA

According to the analysis of Statkom of Armenia, conducted by Sugar.ru, no sugar was produced in the month of September 2018 (in the previous month - 5.4 thousand tons, in September 2017 - 0.0 thousand tons, in September 2016 - 0.0 thousand tons). Total 58 000 tons of sugar have been produced in January-September 2018 (in January-September 2017 - 49 thousand tons).

Customs Union

The duty on import of raw sugar to the Customs Union remains at $ 250/MT in November 2018. The average monthly price for raw sugar at the ICE stock exchange was $ 290.54/MT in October 2018, respectively, the import duty in December 2018 will decrease to $ 240/MT.

Sugar.Ru

Новости

Аналитика и интересное о сахаре