Sugar market news from Russia, Ukraine and Georgia, Dec 21, 2018

Latest news are available in our daily reports.

RUSSIA

The Ministry of Agriculture of the Russian Federation is developing a new subsidy mechanism for the agricultural sector, which will divide the existing single subsidy into compensating (aimed to maintain the achieved production volumes) and stimulating (supporting “growth points” and priority areas).

“Step” – one of the largest agrarian companies in the South of Russia – has introduced the eponymous retail brand to the federal market. Goods of Trade House “Investprom-Opt”, including sugar, will be sold under this brand as well. It is planned that the transition from wholesale to retail sales will increase sales by 15%.

UKRAINE

The Radekhovsky Sakhar Company has launched a project on the long-term storage of sugar beet, using the technology of active ventilation of beet piles, reports Ukrtsukor. In several years it is planned to extend the sugar beet processing season from four to seven months.

12.13 million tons of beet processed and 1644.5 thousand tons of sugar produced in Ukraine as of December 20, 2018; 40 sugar factories operated during the season, Ukrtsukor reports.

GEORGIA

According to the analysis of data by National Statistics Office of Georgia, conducted by Sugar.ru, in November 2018 the import of cane raw sugar (HS code 170114) has made $6.6 thousand ($398.9 in 2017). Total volume of raw cane sugar imported to Georgia in January - November 2018 has made $21.5 million ($23.6 million in 2017).

Sugar.Ru

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