Sugar news from Russia and Kyrgyzstan, Aug 5, 2015

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RUSSIA

The average consumer price of sugar made RUR 50.61/kg in Russia in June 2015 (down by RUR 0.85/kg compared to May), according to Rosstat. The consumer prices for sugar in Russia in July 2015 have increased by 1.4%. From the beginning of the year the growth of consumer prices of sugar in the country has made total 10.9%.

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Companies under the control of "Rosselkhozbank" expect to become the largest creditors of "Karlamansky sugar", as follows from the documents of Arbitration Court of Bashkortostan. The surveillance procedure for "Karlamansky sugar" (controlled by the Company "Russian Agricultural Bank") was introduced in April, after the suit of the IRS. Applications for inclusion in the register of creditors in addition to the tax inspectorate  include "Cardboard and Paper Plant", JSC "Alatau", "Alfa-trans," "Gazprom gas distribution Ufa", LLC "Tehnoprom" and others.

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According Soyuzrossakhar, the development of sugar beet in Russia as of August 1, 2015 looks as follows:

  • average root weight -347 grams (in 2014 - 358, in 2013 - 359);
  • average mass of foliage -391 grams (in 2014 - 349, in 2013 - 326);
  • average sucrose content - 13.0% (in 2014 - 14.6%, in 2013 - 13.3%).

KYRGYZSTAN

Kyrgyzstan has increased sugar imports 2.6 times over 5 months of 2015, according to the National Statistics Committee. In January-May 2015 imports of sugar into the republic have reached 60.9 thousand tons worth US$ 34 519 900, which is 2.6 times more compared to 5 months in 2014. Average import price of sugar in May has made 33 131.5 Kyrgyz Soms or 561.5 US dollars per metric ton. Kyrgyzstan, in particular, imports sugar from Kazakhstan and Belarus. There are only 2 companies left in the country working on the sugar market: JSC "Kaindy-Kant" and JSC "Koshoy."

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