Sugar news from Russia, Ukraine and Moldova, Aug 03, 2016

Latest news are available in our daily reports.

RUSSIA

According Soyuzrossakhar, the dynamics of sugar beet development in Russia is as follows (update August 1, 2016):

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Stavropol region has started sugar beet harvesting campaign.

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According to railway cargo monitoring data by Sugar.ru, in January - July 2016 Russia has imported 179,300 MT of sugar. The major exporting countries are Belarus (99.52%) and Poland (0.48%). Russian exports have amounted to 3064 MT, the major countries-receivers are Kazakhstan (66.48%) and Abkhazia (14.47%). Domestic shipments have totalled 801,164 MT, the largest volume of deliveries was made by Kirsanovsky (Crystal) sugar plant (6.69%) and Elan-Kolenovsky sugar plant (5.42%). The total transit of sugar by rail across Russia has reached 69 999 MT.

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Mr Pavel Kozel, Deputy Head of the Russian Federal Antimonopoly Service for the Republic of Tatarstan, said that Tatarstan Antimonopoly officers have resumed the so-called "sugar case", instituted after a sharp growth of sugar prices in 2015.

UKRAINE

Catastrophic decrease of sugar beet harvest volume following dry weather conditions will not happen this year, said Tatyana Adamenko, Head of Agrometeorology at Hydrometeorological Centre of Ukraine. According to her, the conditions last year were more severe. This season the beet root has developed better than last year.

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Wholesale prices for sugar fell by 10-11% compared to level at the beginning of the year, according to "Ukrtsukor". On August 2, 2016 sugar mills traded sugar at wholesale of UAH 12.35-12.70/kg (RUR 33.27-34.22/kg at the current exchange rate of the CBR).

MOLDOVA

According to forecasts of the State Meteorological Centre of Moldova, farmers will collect an average of 25-28 tons from one hectare. In 2015 the beet harvest exceeded 28 tons/ha. Agriculture experts give more optimistic forecasts: over 31 tons from a hectare. Crops of sugar beet have made 23 thousand hectares in 2016 season.

Sugar.Ru