Russian and Ukrainian sugar news, Aug 19, 2019

Latest news are available in our daily reports.

RUSSIA

According to the press service of the Rusagro Group of Companies, following to the results of 6 months of 2019, the company increased net profit according to IFRS by 43%, compared to the same period last year, to make total RUR 3.336 billion, Sugar.ru was informed/

Sugar sales, production volumes and average selling price per 1 kilogram (excluding VAT):

6 month

Change 

Q2 only

Change

As of June
30, 2019

As of June
30, 2018

In units of
measure

%

As of June
30, 2019

As of June
30, 2018

In units of
measure

%

Sugar production (in thousand tons) including:

24

26

(2)

(7)

7

17

(10)

(60)

Sales volume (in thousand tons)

453

326

127

39

348

161

187

(117)

Sale price (rubles for 1 kg. excl VAT)

31,8

29,4

2,4

8

30,3

31,0

(0,7)

(2)

*

Farmers in Stavropol started harvesting sugar beets, on August 16 total 91.5 thousand tons sugar beets were collected from an area of 2.3 thousand ha, an average yield makes 39.97 MT/ha. Sugar beets are supplied for processing at Stavropolsahar OJSC (Izobilnensky), with 11.9 thousand tons were received, 9.3 thousand tons were processed; average sucrose content is 16%.

*

As of August 16, 2019, sugar beet was harvested from an area of 32.7 thousand ha or 2.9% of the crop acreage (in 2018 - 8.7 thousand ha), 1.4 million tons of sugar beet collected (in 2018 - 278.3 thousand tons) with an average yield of 43.75 MT/ha (in 2018 – 31.88 MT/ha), the Ministry of Agriculture reports.

UKRAINE

According to Astarta report for the first half of 2019, revenue from the sugar segment decreased by 20% to 55 million euros due to lower sales (153 thousand tons compared to 185 thousand tons in the first half of 2018) and low prices .

*

Sugar Balances from the Economic Discussion Club on August 1, 2019 (1000 MT)

Description 

2018/2019 MY
(expected)

September-August
2018/2019 MY (actual)

Commodity offer

2260

2260

Domestic market - total

2259

2059

Balances at the beginning of the period

439

439

Own production

1820

1820

Foreign market (import)

1

1

Product demand

2260

2260

Domestic market - total

1370

1256

Including:

Consumption fund

1270

1164

Other consumption

100

92

Foreign market (export)

570

409

Balances at the end of the period

320

594

Consumption per capita, kg/year

30,0

х

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