Sugar news from Russia and CIS countries, May 12, 2016

Latest news are available in our daily reports.

RUSSIA

According to the Ministry of Agriculture – Russia has sown sugar beet on the area of 989.5 thousand ha by May 11, 2016 or 93.4% of the forecast (in 2015 - 928.6 thousand hectares).

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The 25.5% block of shares of JSC "Sugar factory "Svoboda" (Ust-Labinsk) owned by the Krasnodar Territory is included in the privatization program for 2016.

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According to the data of price monitoring the period April 28 – May 12 by Sugar.ru in, the US dollar exchange rate grew by 1.7% (on April 28 the rate was US$ 1=RUR 65.16; on May 12 – US$ 1=RUR 66.24). Moscow ruble price of sugar fell by RUR 0.10/kg (-0.24%), Krasnodar price has not changed, remaining at the level of RUR 40.30/kg. Moscow US dollar equivalent price of sugar fell by $ 0.012 / kg (-1.84%), Krasnodar price dropped by $ 0.010/kg (-1.62%), the US dollar prices in other regions declines as well.

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According to the Federal Customs Service of Russia, the national import of raw sugar amounted to 38.1 thousand tons in March 2016. In January – March 2016, imports amounted to 181.1 thousand tons (235.3 thousand tons in January - March 2015). Import of white sugar has made 22.3 thousand tons in March and 80.8 thousand tons in January – March 2016, (66.4 thousand tons in January - March 2015).

 

UKRAINE

In the first quarter of 2016 the consolidated revenue of "Astarta" holding has increased by 24% to make EUR 70 million. Sugar segment has provided 41% of consolidated revenues of the Company or 29 million euros, which is 31% more than in the first quarter last year. Sugar sales increased by 11% reaching total 66 000 tons. Sugar exports amounted to about 17% of total sales and were carried out mainly to the EU countries.

MOLDOVA

According the National Statistics committee of Moldova consumer prices for sugar increased by 1.2%, in April 2016 compared to previous month; from the beginning of the year the growth made 2.5%.

KAZAKHSTAN

Prices for imported sugar have added 3.8% in Kazakhstan in January-March 2016. This figure was sounded to Sugar.Ru by the Agency on Statistics of the Republic of Kazakhstan.

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