Russian and Ukrainian sugar news, Dec 27, 2018

Latest news are available in our daily reports.

RUSSIA

According to Sugar.ru price monitoring data for the period from 20.12.2018 to 27.12.2018 the US dollar rate increased by 2.6% (on 20.12 - RUR 67.11/$, on 27.12 - RUR 68.89/$). Ruble Moscow and Krasnodar wholesale prices for sugar have not changes staying at 38.50 RUR/kg and 36.80 RUR/kg respectfully. US dollar Moscow wholesale price for sugar dropped by $0.015 /kg (-2.61%), Krasnodar wholesale price dropped by $0.014 /kg (-2.55%).

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No price changes, no news, no stock trading, no demand. Wholesale trade with sugar is busy preparing for the celebration of the New Year, which means it doesn’t bother to change – neither to grow, nor to decline. Lack of sales for a long time means deferred demand, so it is possible that in January we will see a local price increase, the likelihood of which will increase if large companies send the corresponding signal to the market.

The lack of relevant news is a good reason to draw up brief preliminary results of the year.

  • Preliminary estimates of white sugar production in the 2018/19 season - 5.9 million tons This means that even having some harvest problems, there is still a surplus of sugar on the market, since there are still supplies of Belarusian sugar, and this is a new reality for the sugar market in the coming years.
  • A drought in southern Russia led to an increase in sugar prices, if in September-December 2017, the wholesale price for sugar in Krasnodar was 27 rubles / kg and even lower, then in 2018, starting in October, it did not drop below 35.5 rubles / kg.
  • Rusagro has installed a line for the desugarisation of molasses at the Chernyansky plant, capable of producing up to 80 thousand tons of white sugar per year. The line will be launched next season.
  • In 2018, the promising market of Uzbekistan was closed for Russia, a market which, according to railway monitoring, has received 219 thousand tons of white sugar in 2017/18 season..
  • Kazakhstan, a country refraining from importing raw sugar for a long time (the financial problems of the importer led to many months of raw steamboat outage in the port of Novorossiysk), began to import raw sugar again.

UKRAINE

Svarog West Group has summed up the crop yields in 2018, the yield of sugar beet was 51.2 MT / ha.

As of December 26, 2018, total 12.25 million tons of beets were processed and 1664.4 thousand tons of sugar produced at 40 sugar factories operated during the season, Ukrtsukor reports.

Sugar.Ru

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