Russian and Ukrainian sugar news, Aug 06, 2019

Latest news are available in our daily reports.

RUSSIA

According to the Ministry of Agriculture, by August 5, 2019, sugar beets were harvested from an area of 8.3 thousand hectares or 0.7% of the crop acreage (in 2018 - 0.7 thousand hectares), 361.8 thousand tons of sugar beets collected (in 2018 - 17.1 thousand tons) with a yield of 43.53 MT/ha (in 2018 – 25.88 MT/ha).

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The property of JSC Dinsksahar was sold at auction for 102 million rubles, as follows from the materials of the Unified Register of Bankruptcy Information.

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According to Soyuzrossahar, on August 5, 2019, sugar beet is processed at 11 sugar factories out of 74 total. A total of 392 thousand tons of sugar beet were harvested and 28.2 thousand tons of sugar were produced. Last year, 2 sugar factories were operating on this date, 43 thousand tons of sugar beets were harvested and 1.3 thousand tons of sugar were produced.

UKRAINE

Wholesale prices for sugar in Ukraine in 2019/2020 MY will increase by 18% - to UAH 13 000/MT (about RUR 33 000/MT) due to a decrease in sugar production, Ukrtsukor reports. According to Ukrtsukor estimates, sugar production in 2019/2020 MY will amount to 1.1-1.2 million tons, which is over than a third less than a year earlier.

Sugar.Ru

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