Russian and CIS sugar news, June 05, 2019

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A new shareholder may emerge at a major sugar and meat producer of the RUSAGRO group. The possibility of buying a stake in the group is being considered by the Russian Direct Investment Fund (RDIF), which was interested in a number of RUSAGRO projects, including those aimed at exporting food to China.


According to the analysis of data from the State Statistics Service of Ukraine, conducted by Sugar.Ru, in January-April 2019, the total sales of sugar produced in the country amounted to UAH 3,306.9 million excluding VAT and excise (about 8 006 million rubles at the average exchange rate of the Central Bank of the Russian Federation for 2019). From which, the amount of sugar sold outside the country amounted to - 395.9 million UAH (about 958 million ruble.), which makes 12.0% of total sales.


According to the analysis of data by Statistical Committee of the Republic of Armenia, conducted by Sugar.Ru, in April 2019 the import of sugar (white and raw) (HS code 1701) has made 8.38912 MT (1 292 MT in 2018). Totally in January - April 2019 Armenia imported 427 MT of sugar (white and raw) (12 383 MT in 2018).


By June 5, 2019, sugar beet sowing in Kazakhstan was performed on an area of 19.6 thousand hectares out of 22.8 thousand hectares planned (in 2018, 19.42 thousand hectares out of 21.5 thousand hectares), Sugar.Ru was reported in the Ministry of Agriculture of the Republic of Kazakhstan.



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