Sugar news from Russia, Ukraine and Khazakhstan, Jul 15, 2016

Latest news are available in our daily reports.

RUSSIA

Altai Territory regional department of the Federal Antimonopoly Service of Russia has taken sugar price in the region under a special control in connection with the harvesting season of fruits and berries. On July 4th the price of sugar in the wholesale market of the Altai Territory was in the range RUR 49.4-50.8/kg, the average retail price – RUR 54.8/kg.

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The company "Rusagro-Invest" has launched a seed breeding centre for the production of sugar beet seeds in Volokonovsky province of Belgorod region. Partners of "Rusagro" to set up the breeding centre are: the Skolkovo Institute of Science and Technology; VNIISS named after Mazlumov (Scientific R&D Institute on beet); and some other institutions.

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According to Soyuzrossakhar report, sugar beet development looks as follows as July 11, 2016:

• weight of sugar beet - 190 g (in 2015 - 179 g; in 2014 - 216 g)
• weight of foliage - 279 g (in 2015 - 304 g; in 2014 - 335 g).

UKRAINE

Top 10 exporters of sugar in Ukraine in the period from September 2015 to June 2016, according to Ukrtsukor, look as follows (volume/value):

• "Food company" Podolie "" (15,770 MT; $ 7.66 million);
• "Agrifirm Dovzhenko" OP "Yareskovsky sugar factory" (14,670 MT; $ 6.7 million);
• "Khmelnytsky" OP "Zhdanov sugar factory" (5720 MT; $ 2.78 million);
• "Radekhiv sugar" (3510 MT; $ 1.73 million);
• "Vinnitsa KHP №2" (3300 MT, $ 1.48 million);
• "Novoorzhitsky sugar factory" (2850 MT; $ 1.28 million);
• "Tsukoragroprom" OP "Globinsky sugar factory" (2950 MT; $ 1.48 million);
• "Sidreyl" (1420 MT; $ 0.66 million);
• "The first logistics company" (670 MT; $ 0.33 million);
• "Oldie – trade&building house" (540 MT; $ 0.23 million);

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The sugar factory in Belopolsky area in Sumy region is scheduled for reopening, thanks to investments from Azerbaijan.

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Export of sugar from Ukraine is growing the fourth consecutive month, so in June 2016 exports increased by nearly 64% compared to May and have reached over 10 thousand tons. 

KAZAKHSTAN

The increase in sugar prices in July was recorded in many regions, the cost of a kilogram in some cities jumped up to 380 Tenge. In Northern Kazakhstan, for instance, the retail price ranges 263-296 Tenge. Such situation is explained by the sharp growth of offer prices at almost 30% of enterprises - manufacturers of sugar.

Sugar.Ru