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RUSSIA
"Rusagro" may conduct an additional issue of shares in the form of global depositary receipts (GDR). The exact quantity of shares that may be issued, as well as their placement price will be determined later, but in any case, the number of new shares must not exceed 10 million units (almost 42% of the current share capital).
UKRAINE
According to the State Fiscal Service, imports of sugar and raw sugar (HS code 1701) made in the amount of US$ 18633 million in the first two months (January-February) of 2016; in February only – US$ 1403 thousand. The bulk of the imported raw sugar (58 300 MT) was generated by ED&F Man through the port of Odessa with final destination to Zaselsky sugar mill (Nikolaev region). Exports of sugar (HS code 1701) amounted to US$ 13251 million; in February only – US$ 9.696 million. Analysis of transit shipments by rail reveals total 3700 MT of white sugar in 2 months delivered transit Russia.
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Sugar continues to get cheaper in Ukraine. The reasons named are low domestic demand and the intervention in the sugar market by the Agrarian Fund, which offers volumes of sugar at UAH 12.5/kg. As a result, wholesale prices for sugar are in the range UAH 13550-14000/MT as of March 10.
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