Sugar market news from Russia and CIS countries, July 26, 2019

Latest news are available in our daily reports.

RUSSIA

he list of arbitration cases with the largest sugar companies and factories from June 1 to July 20, 2019. The bottom limit of the claim amount is not less than 200 thousand rubles.

Case

Plaintiff

Defendant

Statement

Claim, RUR

А40-158105/2019

LLC "MASHINAKOMPLEKT"

LLC "KURSK SUGAR"

recovery of the principal amount

1 443 759

А65-18872/2019

LLC "Teplo Poley", Kazan

LLC "Buinsky Sakhar", Buinsk, LLC "Trade House" Bely Bars ", Kazan

debt collection

49 511 149

А40-180528/2019

LLC "Prodimex"

LLC "GROUP OF COMPANIES" EUROTECH "

recovery

384 000

А33-21981/2019

LLC "Rusagro"

LLC "MECHANIZED COLUMN №1"

Statement of claim

1 560 946

* The list may be incomplete and does not include subsidiaries and affiliates.

UKRAINE

On July 16, 2019 an auction was held for the sale of sugar from the warehouses of the GSBU Agrarian Fund; with total 24.8 thousand tons of sugar sold at a selling price of UAH 900 / t (2,230.4 rubles), while the wholesale market price for sugar in 2018/2019 ranges 12-13 thousand UAH/MT (RUR 29.73-32.21 thousand). "Ukrtsukor" has addressed to law enforcement bodies to pay attention to the situation. In addition, 4.5 thousand tons of sugar with the expiration date in 2014 were sold at another six auctions held in May; the price was UAH 1 500/MT (3.71 thousand rubles per metric ton). According to NASU “Ukrtsukor”, sugar sold at the market has prices 5-6 times higher than the auction price.

UZBEKISTAN

President Shavkat Mirziyoyev has signed a decree “On measures to further streamline the provision of tax and customs benefits,” according to which, the value added tax (VAT) benefit, including import operations, will be lifted off for raw sugar starting from October 1,.

BELARUS

Sugar stocks with the industrial enterprises amounted to 111.6 thousand tons as of July 1, 2019, which is 30.3% less than it was on the first day of previous month, according to the National Statistics Committee.

Sugar.Ru

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