Sugar news from Russia and Azerbaijan, Jan 25, 2016

Latest news are available in our daily reports.

RUSSIA

Throughput of sugar in the Bigger Port of St. Petersburg has amounted to 54.4 thousand tons in 2015 season.

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The volume of sugar production has increased by 13% in Primorye (Russian Far East) in 2015, said the Primorsky Statistics Committee.

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Shareholders of "Razguliay", at an extraordinary meeting of scheduled for February 16, are planning to approve a decision to sell the company assets in Bashkortostan: 83.3% of "Chishminsky sugar factory" (CSY), 100% of LLC "Bashkir-agroinvest" and LLC "Davlekanovskiy KHP No 1». Starting price of the assets is set at 600 million rubles.

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On behalf of the bankruptcy trustee "Region-Torgi" LLC informs about the cancellation of trade session to assign claims of "Cuban sugar", as based on the decision of the creditors meeting on held on December 25, 2015.

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According to the Agriculture Ministry, the wholesale price of sugar increased by 3.4%, retail - by 0.8% in the period January 12 to 18, 2016.

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It is planned to spend more than RUR 1.4 billion to improve the material and technical base of the sugar industry in 2016, said Deputy Governor of Krasnodar region Andrei Korobka.

 

AZERBAIJAN

Production of sugar in Azerbaijan has decreased by 19.4% in 2015 compared to 2014, to male total 330.3 thousand tons.

Sugar.Ru

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