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RUSSIA
The Russian consumer prices for sugar increased by 2% in the period from July 28 to August 3, 2015, according to Rosstat. From the beginning of August 2015 the consumer prices for sugar increased by 0.9%, and YTD growth has made 11.9%.
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According Soyuzrossakhar figures as of August 5, 2015, sugar beet is processed at 13 sugar mills in Krasnodar and 1 plant in Stavropol region. Total volume harvested from the beginning of the season has made 290 thousand tons of sugar beets including about 230 thousand tons processed and with more than 20 thousand MT of beet sugar produced.
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According to price monitoring data by sugar.ru in the period July 30 – August 06, 2015; the dollar continued to rise adding 5.0% (no July 30 – US$ 1 = RUR 59.77; on August 06 – US$ 1= RUR 62.72). Nevertheless, Moscow ruble price of sugar on the eve of beet sugar season fell by RUR 1.30/kg (- 2.83%), Krasnodar price dropped by RUR 0.20/kg (-0.46%). Moscow US dollar equivalent price of sugar fell by US$ 0.057/kg (-7.40%), Krasnodar price dropped by US$
UKRAINE
According to the State Statistics Service, Ukraine (excluding the Crimea and Sevastopol) - total sales of sugar reached UAH 4,667,800,000 in January-June 2015 (without VAT and excise); outside the country – UAH 63.5 million, or 1.4% of total
KYRGYZSTAN
Kazakhstan has become the latest country to ratify the treaty of accession of Kyrgyzstan to the EAEC. Previously the document was ratified by authorities of Armenia, Belarus and Russia.
EAEC
The Assembly of the Eurasian Association of Sugar has given forecasts of sugar production in the countries of the Eurasian Economic Union (EAEC) in the season 2015-2016. With projected sugar consumption of 6.4 million tons, the volume of production of beet sugar is estimated at 5.4 million tons, up 8% from level of production last year. The gap of 1.0 million tons of sugar will be filled by imports of raw sugar and white sugar.
Sugar.Ru
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