Russian and CIS sugar news, Aug 16, 2019

Latest news are available in our daily reports.

RUSSIA

List of arbitration cases with the largest sugar companies and factories in the period July 15 – August 15, 2019. The limit of the claim amount is not less than 200 thousand rubles.

Case No

Plaintiff

Defendant

Claim

Volume RUR

А65-223
00/2019

KAMAZ Leasing Company JSC, Naberezhnye Chelny 

Buinsky Sugar LLC, Buinsk

for the collection in solidarity of arrears of lease payments

3 600 486,10 

А14-141
38/2019

LLC AgroFond 

LLC Sugar Zolotukhino

debt recovery

760 000 

А65-240
28/2019

Agro Expert Group LLC, Moscow 

AkBars Holding Company OJSC, Kazan, Buinsky Sahar LLC, Buinsk, Bely Bars Trading House LLC, Kazan

statement of claim

76 164 938 

А08-78
70/2019

LLC Regional Generation Company 

LLC Rusagro-BELGOROD

statement of claim

1 354 022

* the list may be incomplete and does not include subsidiaries and affiliated organizations

*

Cheremnovsky sugar factory has started processing sugar beets of a new crop. In the season of 2018 - 2019 the company processed over 800 thousand tons of beets and produced 138 thousand tons of refined sugar.

*

As of August 15, 2019 sugar beet was harvested from an area of 26.9 thousand ha or 2.4% of crop acreage (in 2018 - 8.4 thousand ha), 1.2 million tons of sugar beets collected (in 2018 – 272.3 thousand tons) at an average yield of 44.1 MT/ha (in 2018 – 32.61 MT/ha).

UKRAINE

Sugar beet harvest in the Cherkasy region is expected to reach 43.0 MT/ha and gross yield, taking into account area sown, within 360 thousand tons, the regional hydrometeorological center reports.

MOLDOVA

In the first half of 2019 Moldova exported 840 tons of sugar to the EU within a duty-free quota under the DCFTA (20%, the total quota volume is 4,200 tons of sugar), the Ministry of Foreign Affairs of the Republic of Moldova reports.

BELARUS

The Ministry of Antimonopoly Regulation and Trade set the price of gas for sugar factories at Br501.07 (about 15478 rubles at the rate of the Central Bank of the Russian Federation) for 1 thousand cubic meters with a consumption volume of up to 600 million cubic meters of natural gas per year.

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