Russian, Ukrainian and Kazakh sugar news, June 17, 2015

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RUSSIA

"Rusagro-Sugar" has reduced the volume of claims to Voronezh confectionery factory from 11.8 million rubles to 1 million rubles, as follows from the documents of the court.

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AgroHolding "Kuban" is planning to invest more than 500 million rubles in modernization of sugar factory "Svoboda" in 2015. The DC on beet of the factory "Svoboda" is projected to reach 5 500 tons, which corresponds to 650 000 tons per season. By 2018, the annual capacity is expected to grow to 7 000 tons of beet/day.

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According FGBI "Spetstsentruchet in agriculture" of the Ministry of Agriculture of Russia, Russia has actually completed sowing sugar beet by the end of May. Total acreage seeded makes 994 thousand hectares, which is 78 thousand hectares more than last year. The sugar beet growing regions of the Central Federal District have suffered from of wind erosion (hurricanes) with almost 80 thousand hectares of sugar beet damaged. By June 1, 46.3 thousand hectares were reseeded. Earlier Krasnodar region, which was also affected by wind erosion, has reseeded 20 thousand hectares of crops. The economic damage of the affected regions is estimated at RUR 1.0 billion. The general development of crops is lagging behind last year's level. The level of backlog of agronomic services in the region is estimated at 10-12 days, as the cumulative average daily temperatures are lower than last year.

From the beginning of the year Belarus has exported 127 thousand tons of white sugar, which is 36 thousand tons less than in the same period last year. Because of the significant difference in wholesale prices for sugar in Russia and Belarus, businesses continue imports of small wholesale lots of sugar to Russia VAT exempt with further trade for cash. The volume of such shipments is estimated by FGBU (statistics dept. at the Ministry of Agriculture of Russia) at around 3-4 thousand tons per month.

 

UKRAINE

According to the State Statistics Service, the average price for white sugar from manufacturers has added UAH 210.55 in May 2015 and has made UAH 7835.54 per ton (in April the price was UAH 7624.99

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Ukraine has sufficient carryover stock of sugar. Even with the reduction of sugar beet acreage the stocks are enough to meet domestic consumption, said Alex Pavlenko, Minister of Agrarian Policy and Food.

KAZAKHSTAN

According to the Ministry of Agriculture of Kazakhstan, sugar beet was sown in two regions of the republic: Almaty and Zhambyl. By June 16, 2015 the total area planted with sugar beet has made 10.1 thousand hectares (72.1% of the plan) including 4 000 hectares (or 100% of the plan) in Almaty region, and 6 100 hectares (or 75% of the plan) in Zhambyl region. In 2014 crops of sugar beet in Kazakhstan were only 1.8 thousand hectares, although it was planned to sow 8.7 thousand hectares.

Sugar.Ru

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