Russian and Ukrainian sugar news, May 24, 2016

Latest news are available in our daily reports.

RUSSIA

According to the Ministry of Agriculture, sugar beet was sown on an area of 1059.9 thousand hectares or 99.5% of the forecast by May 23, 2016 (in 2015 - 984.7 thousand hectares).

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According to the figures by Williams Brasil dated May 24, 2016, total 18 vessels have been nominated to carry 618 400 MT of raw cane sugar in 2016 season from Brazilian seaports to the Black/Baltic seaports with end-receivers in CIS, Georgia and Baltic states. As of today, the volume received and unloaded makes 391 800 MT from 11 vessel(s), based on Sugar.ru data.

 

UKRAINE

In 8 months of current marketing year, the domestic sugar consumption is estimated at 1.051 million tons, according to "Economic Discussion Club". Exports and imports have made total 46 000 tons during the period indicated. Sugar was mainly exported to Kazakhstan and Romania and imported from the Netherlands and Brazil. By May 1, 2016 sugar stocks are estimated at 823 000 tons, which is 31% less than on the corresponding date last year.

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By May 23, sugar beet was sown on an area of 284 000 hectares, or 101% of the forecast (in 2015 - 238 000 ha), according to Ministry of Agrarian Policy.

Sugar.Ru

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