Sugar market news from Russia, Ukraine and Kazakhstan, Jan 15, 2019

Latest news are available in our daily reports.

RUSSIA

In Russia, agricultural crops were planted at the 79.2 million hectares, in 2018. In 2019, the cultivated area will increase by 1.6% and, it will make 80.5 million hectares, according to the presentation of the Ministry of Agriculture of the Russian Federation. Following the plan, the planted areas for sugar beet will remain at the level of 2018 - 1.1 million hectares.

According to the Federal Customs Service, Russia imported 41.6 thousand tons of white sugar, in November 2018. Following the results of 11 months, the import of white sugar to the Russian Federation amounted to 276.2 thousand tons (+22.2% by 2017). In addition, in January- November 2018, Russia imported 5.7 thousand tons of raw sugar (-73% by 2017).

According to the figures by Williams Brazil dated January 15, 2019, total 17 vessels have been nominated to carry 634894 MT of raw cane sugar in 2018-2019 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 471894 MT from 13 vessels, based on Sugar.ru data.

KAZAKHSTAN

According to Statkom of Kazakhstan, the wholesale price of white sugar in December 2018 increased by 0.49 % and amounted to 204 Tenge/kg (in 2017 - 194 Tenge/kg, in 2016 - 214 Tenge/kg), or RUR 36.49/kg (at the rate of the Central Bank of the Russian Federation by the middle of the reporting month).

UKRAINE

According to Statkom of Ukraine, conducted by Sugar.ru, wholesale price of sugar decreased over the month by 1.05% in December 2018 and has made 14.09 UAH/kg (in previous month - 14.24 UAH/kg, in December 2017 - 15.78 UAH/kg). Russian rouble equivalent price (at the exchange rate of the Russian Central Bank for the middle of the reporting month) has decreased over the month by 3.28% in December 2018 and has made 33.63 RUB/kg (in previous month - 34.78 RUB/kg, in December 2017 - 33.82 RUB/kg). USD equivalent price (at the exchange rate of the Russian Central Bank for the middle of the reporting month) has decreased over the month by 1.01% in December 2018 and has made 0.506 USD/kg (in previous month - 0.511 USD/kg, in December 2017 - 0.576 USD/kg)

Sugar.Ru

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