Sugar price monitoring data from Russia and beets harvesting update from Ukraine, Dec 06, 2018

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RUSSIA

Since the beginning of the season, sugar refineries of Tatarstan produced 227381 tons of sugar. On December 6, 2018 (in 2017 – 233839 tons), sugar production yield – 16.2%, according to the Ministry of Agriculture and Food of the Republic of Tatarstan. ZAO Nurlatsky Sakhar plant has completed the sugar season.

According to Sugar.Ru price monitoring data for the period from 29.11.2018 to 06.12.2018 the US dollar rate dropped by -0.2% (on 29.11 - RUR 66.94/$, on 06.12 - RUR 66.82/$). Ruble Moscow wholesale price for sugar dropped by 0.40 RUR/kg (-1.02%), Krasnodar wholesale price has not changed staying at the level of 37.00 RUR/kg. US dollar Moscow wholesale price for sugar dropped by $0.005 /kg (-0.85%), Krasnodar wholesale price increased by $0,001 /kg (+0.18%).

Last week, wholesale prices for sugar continued to stay at the level of 37 rubles/kg, however, the lack of demand is a strong player still. "Rusagro" sold sugar at a price of 37 rubles/kg by lots of only 40 tons on Wednesday; and on Thursday the company came up with a price offer of 36.8 rubles / kg. If we evaluate the prospects for the price of sugar, then it more likely will go down in the short term. There is no demand at current prices, even at a price of 36.80 rubles/kg, Rusagro sold only 40 tons at the stock exchange by 14h00. Purchase offers are in the range of 36.00-36.50 rubles / kg.

As of December 6, according to Soyuzrossahar, 22 factories have stopped processing beet, 19 – in the Southern Federal District and 3 – in the Central Federal District.

According to Sugar.Ru railway monitoring, in 6 days of December 2018, Russia imported 6.0 thousand tons of white sugar from Belarus. Export rates continue to fall, from the beginning of the month only 1.5 thousand tons were shipped to Kazakhstan and Kyrgyzstan. As contrary to reports on the restriction of Ukrainian exports to Uzbekistan, since the beginning of the month exports to this country amounted to 5.6 thousand tons, and Ukraine has delivered total 6.8 thousand tons of white sugar transit Russia.

UKRAINE

The sugar beet harvesting campaign has been completed, but part of the harvest is still is kept in field piles. In the current season, 13.5 million tons of sugar beet were collected, which is almost 1 million tons less than last year. The average sugar content in beet is 16.3% this year in Ukraine, which is 7% lower than in the last 3 years, reports Ukrtsukor.

Sugar.Ru

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