Sugar news from Russia and Azerbaijan, Dec 21, 2015

Latest news are available in our daily reports.
RUSSIA

Cheremnovsky sugar plant has processed over 579 000 tons of sugar beet and has produced more than 92 thousand tons of sugar by December 18, 2015.
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Specialized Organization "TopAuktsion" informs about an open auction in electronic form for the sale of the debtor's property "Kuban Girey sugar" on February 5, 2016 at 11:00 am (INN/KPP 2329005119/32901001, BIN 1022303582234, 352162, Krasnodar region, Gulkevichsky District). The auction will be conducted at the electronic trading platform of “e-marketplace “Verdikt”. The subject of the auction is the main enterprise of "Kuban Girey sugar", as a single property complex. Starting price – RUR 2.1 billion.
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Yevgeny Ivanov, a leading expert from ICAR, predicts: "In the coming months the logistics costs will increase due to the introduction of the" Platon" system (new Federal Roads Tax); the transition of a number of sections of federal highways to paid roads; the increasing the cost of rail-cart rent in some areas since August, the increase of railway tariffs starting from January 2016 and other indexing. This, of course, will be reflected in prices, especially in the regions, substantially remote from the production region". He has added that ICAR has increased its forecast for beet sugar production in the year to 5.108 million tons.

 
AZERBAIJAN

Azerbaijan has imported 222 thousand tons of raw sugar and sugar in January-October 2015, which is 34.3% less than imports in the same period last year, the National State Statistics Committee has reported.

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