Sugar news from Russia, Ukraine and Khazakhstan, Jul 5, 2016

Latest news are available in our daily reports.

RUSSIA

Moscow Arbitration Court has registered a claim for bankruptcy of PJSC "Group "Razgulyay". The lawsuit was filed in the court by the company itself. Earlier, a claim for bankruptcy of PJSC "Group "Razgulyay" company was filed by "Rusagro."

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According to the figures by Williams Brasil dated July 5, 2016, total 25 vessels have been nominated to carry 866150 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 585400 MT from 17 vessels, based on Sugar.ru data.

UKRAINE

The European Bank for Reconstruction and Development shall provide a loan of up to $ 20 million for the two sugar refineries owned by Ukrainian agro-industrial corporation "Astarta Group".

KAZAKHSTAN

According to the data of the Statistics Agency, the price of sugar from producers has increased by 1.7% in June 2016, from the beginning of the year – by 19.2%.

Sugar.Ru