Sugar market news from Russia and CIS countries, Feb 04, 2020

Latest news are available in our daily reports.

RUSSIA

Sugar factories in the Kursk region have produced a record volume of sugar: 649 000 tons in 2019, an increase of 4.7% compared to the level of 2018, the committee of the agro-industrial complex of the Kursk region штащкьы. Promsakhar LLC worked 153 days in a season, the Zolotukhinsky branch of Kursksakharprom LLC - 139 days, Kshensky Sugar Refinery JSC - 135 days and KRIVETS-SAKHAR OJSC - 150 days. The sugar production yield has made 15.25%, which is 0.4 percentage points higher than the level of 2018 (14.85%). The sugar production yield in Russia has made average 15.31%.

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According to the analytical service of Soyuzrossahar, on February 3, 2019, 7.45 million tons of sugar were produced from beet harvested in 2019. This is already 0.89 million tons more than previously reached maximum production values for beet sugar in the 2017/18 season - 6.56 million tons. According to Soyuzrossahar, taking into account the existing beet piled in fields and factory stocks, another 50 thousand tons of sugar from beet may be produced, as well as about 200 thousand tons of sugar during further processing of molasses and beet syrup

UKRAINE

The profitability level of sugar beets manufacture in agricultural enterprises of Ukraine in 2019 (similar to 2018) remained negative and amounted to -16.3% (in 2018: -11.4% according to the State Statistics Service), according to Yuri Lupenko, the director of the National Scientific Center at the “Institute Agricultural Economics”.

KYRGYZSTAN

Sugar production in 2019 amounted to 99 thousand 573.6 tons, which is 20% less than in 2018, according to the National Statistics Committee. In 2018, 122 thousand 460.6 tons of sugar were produced total.

BELARUS

President of Belarus Alexander Lukashenko commented on the detention of directors of sugar factories. According to him, the trade with Belarusian sugar in Russia was channeled through a company that received sugar at cheap prices, and shared the profit with the directors of Belarusian factories. Lukashenko also mentioned the purchase of an expensive “sugar containers” (probably a regular bag was meant).

Sugar.Ru

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