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RUSSIA
According to operative data of the local agriculture departments, sugar beet was sown on an area of 1067.6 hectares by May 30, 2016, which makes 100.7% of the forecast (in 2015 – 1 million ha.). Orel region has sown 56.1 thousand ha with sugar beet as of report date.
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According to the figures by Williams Brasil dated May 31, 2016, total 20 vessels have been nominated to carry 681 650 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 459 800 MT from 13 vessels, based on Sugar.ru data.
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As a result of adverse weather conditions, over 1.4 thousand hectares of crops were affected in the Krasnodar region. In particular, 100 hectares of sugar beet in Dinskoy area and 200 hectares owned by "Agroobedinenie "Kuban", the press service of the Ministry of Agriculture of the Krasnodar region informed.
KYRGYZSTAN
The Government has approved the quota allocation rules for the import of raw cane sugar for industrial processing in the territory of the Kyrgyz Republic. According to the decree endorsed by the Prime Minister on May 26, 2016, According to the resolution every year, in the period from January 1 to December 31, the authorized body will provide allocation of raw sugar volumes among sugar producing enterprises (70%), and the suppliers of raw sugar (30%).
UKRAINE
The key reasons for the decline of the sugar market are: low domestic demand and sale of commodity by the Agrarian Fund at prices below market (as low as UAH 11800/MT). Under such pressure wholesale prices have decreased by 0.39% in the past week and dropped to the range of UAH 12500- 12800/MT. The main reasons for the declining interest of buyers – achievement of maximum (since July 2014) levels at the stock exchange and CFTC data on record net long positions at the New York Mercantile Exchange. Buyers have lowered activity in the hope of weakening exchange quotations.
ARMENIA
According to information from the National Statistical Service, in April 2016 the country was imported 8,061 tons of sugar and raw sugar (HS code 1701) for the total value of US$ 2,704 thousand and 216 tons of molasses (HS code 1703), for the total value of US$ 37.7 thousand.
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