Sugar market news from Russia, Kyrgyzstan and Ukraine, Apr 03, 2019

Latest news are available in our daily reports.

RUSSIA

The head of Soyuzrossahar Andrei Bodin was elected Chairman of the Public Council under the Ministry of Agriculture of Russia.

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The Department of Economic Development of the Belgorod Region has concluded the first regional Special Investment Contract with Rusagro-BELGOROD LLC for 8 years to implement an investment project to extract sugar and betaine from molasses through chromatographic separation, the department’s press service reports.

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According to Rosstat data, processed by Sugar.ru, in February 2019, 135 thousand tons of chocolate and sugar confectionery products were produced in the Russian Federation (+ 8.9% compared to the previous month and -0.7% compared to February 2018).

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According to the Ministry of Agriculture of the Russian Federation, as of April 2, 2019, farmers of the Krasnodar Territory and the Chechen Republic have seeded 65.1 thousand hectares or 5.7% of the forecast area with sugar beet (in 2018 - 2.1 thousand hectares).

UKRAINE

As of April 1, 2019, agrarians of 8 regions of Ukraine were sowing sugar beet, which was carried out on an area of 37 thousand hectares or 14% of the forecast, according to the Ministry of Agrarian Policy.

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On April 1, 2019 farmers in Khmelnitsky region of Ukraine have sown 17.7 thousand hectares with sugar beet which makes 60% of the projected area, the regional administration reports.

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Court hearings on the bankruptcy case of Smila Sugar Refinery LLC ended with the liquidation of the organization, according to the Resolution of the Economic Court of Cherkasy Oblast of Ukraine

KYRGYZSTAN

According to the analysis of data by the Statistical Committee of Kyrgyzstan, conducted by Sugar.ru, for March 2019 average consumer sugar prices were 46.74 KGS / kg (-0.80% compared to the previous month, -2.37% YTD and -0.29% by March 2018) or 43.80 rubles / kg at the rate of the Central Bank of the Russian Federation for the middle of the reporting month.

Sugar.Ru

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