Sugar market news from Russia and CIS countries, Apr 18, 2019

Latest news are available in our daily reports.

RUSSIA

According to the Ministry of Agriculture, as of April 2019, sugar beet was sown on an area of 378.2 thousand hectares or 33.3% of the area projected (in 2018 – 254.2 thousand hectares).

*

According to Sugar.ru price monitoring data for the period from 11.04.2019 to 18.04.2019 the US dollar rate dropped by -1,2% (on 11.04 - RUR 64,74/$, on 18.04 - RUR 63,95/$). Ruble Moscow wholesale price for sugar increased by 0,20 RUR/kg (+0,58%), Krasnodar wholesale price increased by 0,20 RUR/kg (+0,62%). US dollar Moscow wholesale price for sugar increased by $0,010 /kg (+1,89%), Krasnodar wholesale price increased by $0,010 /kg (+2,01%).

Wholesale sugar prices remained stable last week. On Friday, April 12, an attempt was made to rally them, and the demand seemed to become intensified, but disappeared same quickly, on Monday the companies went down to the previous prices of 32.1 - 32.3 rubles/kg (exw). There is no demand even at the price of sugar at 32.10 rubles/kg (CFD), whereas at NTB not much is sold at this level it, buyers look for 30.0 rubles / kg and below.

According to Sugar.ru railway monitoring, in 18 days of April, Russia imported 17.8 thousand tons of white sugar, of which 17 thousand tons - Belarusian sugar, the rest - Ukrainian and Lithuanian, which arrived in the Kaliningrad region. The export of sugar is still at the same level, 8.1 thousand tons of white sugar were shipped to Kazakhstan from the beginning of April. The transit of sugar by the Russian railway amounted to 16.7 thousand tons since the beginning of April (6.3 - Belarus and 10.5 - Ukraine), deliveries were made to Azerbaijan, Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan.

The smoke of a Louis Dreyfus steamer (re-routed from Novorossiysk to Romania with raw sugar intended for and still unpaid by Kazakhstan) was still in the air, as another steamer with raw sugar belonging to Louis Dreyfus moves towards Novorossiysk, and with a high probability is nominated for Kazakhstan. The logic of such castling is incomprehensible, apparently after Sucden’s withdrawal from Kazakhstan import list (waiting for the payment of two ships in Novorossiysk for about half a year), Louis Dreyfus has inherited the same “rake” to step on.

UKRAINE

On April 17, 2019, the sowing of sugar beet in Ukraine was carried out on an area of 194 thousand hectares or 79% of the forecast, according to the Ministry of Agrarian Policy.

KAZAKHSTAN

According to figures by the Ministry of Agriculture of Kazakhstan, processed by Sugar.ru, as of April 18, 2019 sugar beets were sown on 5,0 thousand hectares. (21.8% of the plan) including

  • In the Almaty region - 3.2 thousand hectares (22.8% of the plan);
  • In the Zhambyl region - 1.8 thousand hectares (20.1% of the plan).

AZERBAIJAN

According to the report by the customs service of Azerbaijan, processed by Sugar.ru, in March 2019, exports of sugar and raw sugar amounted to 1.23 thousand tons, in just 3 months of 2019 - 6.11 thousand tons (in 2018 - 7.06 thousand tons) In March 2019, imports of sugar and raw sugar amounted to 29.12 thousand tons in January-March 2019, 84.91 thousand tons (17.45 thousand tons in 2018).

Sugar.Ru

Новости

Аналитика и интересное о сахаре

News in English (delayed)