Sugar market news from Ukraine, Belarus and Moldova, Oct 24, 2019

Latest news are available in our daily reports.

UKRAINE

In Khmelnitsky region sugar beets were collected from 62% of the total crop acreage by October 23, 2019. Bulk harvest has made 858 thousand tons of beets; average yield makes 51.1 MT/ha, reports the regional administration.

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As of October 23, 2019, 4.55 million tons of beets were processed and 661.9 thousand tons of sugar were produced, Ukrtsukor reports.

BELARUS

By October 24, 2019, sugar beet was harvested from an area of 71.3 thousand hectares or 76.6% of the area sown (in 2018 - 75.7 thousand hectares), Sugar.Ru was informed in the Ministry of Agriculture of the Republic of Belarus. About 3487.2 thousand MT (in 2018 - 3472.5 thousand MT) of beets were collected, with an average yield of 48.88 MT/ha (in 2018 – 45.87 MT/ha). The sugar content in beet in the republic is 16.74% versus 16.84% for the same date last year.

MOLDOVA

The Falesti sugar factory of Sudzucker Moldova will be mothballed while maintaining all production capacities in a standby mode and ready for operation. The planned conservation period is until April 2021, according to SudzuckerMoldova. The decision on conservation was made due to a sharp decline in sales of Moldavian sugar, primarily in the domestic market. According to expert estimates, over the past year, tens of thousands of tons of smuggled sugar have entered the Moldovan market, the bulk of which is sold in small wholesale and retail by trade patent holders. The current crisis situation is also aggravated by anticompetitive actions provoked by the assistance from the Polish state to the second sugar producer, the Moldovan-Polish company Moldova Zahar through various financial instruments and governmental support measures.

Sugar.Ru

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