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RUSSIA
By the end of 2014 the consolidated revenues of "Razguliay" group has made RUR 14.2 billion – 6% less than the previous year, EBITDA has almost doubled - to RUR 2 billion, as follows from management report. The decrease in revenues of "Razgulyai" occurred due to the suspension of the work of three of the 10 sugar mills, a spokesman for the group has explained. According to the officer, such step was taken because of a lack of funding and lack of approval of a debt restructuring program by VEB bank.
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"Prodimex Holding" LLC has addressed with a claim for recovery of more than RUR 20 million debt made by Tambov TAKF (affiliate of "United Confectioners"). The debt has arisen for the supply of products for total RUR 19.6 million and RUR 1.15 million of penalties.
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According to price monitoring by sugar.ru in the period May 07-14, 2015, the value of dollar dropped by 0.9% (on May 07 the exchange rate was US$ 1 = RUR 49.98; on May 14 - US$1 = RUR 49.54). Moscow ruble price of sugar fell by RUR 0.10/kg (-0.24%), Krasnodar price fell by RUR 0.10/kg (-0.25%). Moscow US dollar equivalent price for sugar has added US$ 0.006/kg (+ 0.72%), in Krasnodar the price rose by $ 0.005/kg (+ 0.63%).
UKRAINE
The Cabinet of Ministers of Ukraine approved the list of state-owned enterprises to be privatized in 2015, the list includes Yagotinsky sugar factory.
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According to the Ministry of Agrarian Policy of Ukraine, Ukrainian farmers to use this year quotas on sugar exports by 33.3% by the beginning of May – the total volume of exports amounted to 6 700 tons out of 20 700 MT of total quota volume.
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