Russian and CIS sugar news, Apr 02, 2019

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The net asset value of USPENSKIY Sugar House JSC is 3.2 billion rubles, the data were published in the SPARK-Interfax system. A year earlier, this figure was 2.2 billion rubles. The company was registered in Uspensky district of Krasnodar region in 2003. The parent company and absolute owner is United Sugar Company JSC. Sales revenue in 2017 amounted to 6.2 billion rubles, net profit of 1.2 billion rubles.


According to the Ministry of Agriculture of the Russian Federation, as of April 1, 2019, farmers in Krasnodar region and the Chechen Republic have seeded with sugar beet (area of 47.2 thousand hectares or 4.1% of the forecast area (in 2018 - 2.1 thousand hectares).


According to the figures by Williams Brasil dated April 2, 2019, total 20 vessels have been nominated to carry 717494 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 633194 MT from 18 vessels, based on data.


By April 1, 2019 farmers in Khmelnitsky region of Ukraine have sown sugar beet at 17.7 thousand hectares or 60% of the planned acreage, the regional administration reports.


Consumer prices for sugar in Kazakhstan increased by 0.5% in March 2019 compared to the previous month and on an annualized basis (by March 2018) - increased by 18.0%, reports Statk.


Uzbekistan has imported sugar worth more than $ 1 billion in 2016-2018, as follows from the report of the Central Bank of the country. The volume of imports of cane or beet sugar and chemically pure sucrose in 2016 amounted to $ 336 million, in 2017 - $ 330 million, and in 2018 - $ 343 million.



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