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RUSSIA
According to the Ministry of Agriculture, the wholesale price of sugar from August 16 to August 22, 2016 has decreased by 7.9%, retail – has not changed. In January-July 2016 production of sugar amounted to 368.4 thousand tons, which is 43.9% less than in the same period of 2015. Imports of raw sugar in 2016 season (as of July 3, 2016) are 2.6 times less than the same period of 2015.
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The Board of Directors "RusAgro" has recommend to the general meeting of shareholders (to be held on September 23) to effect the payment of dividends for the first half of 2016 in the amount of RUR 2.004 billion.
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"RusAgro" has gained 15 billion rubles from the sale of assets of the group "Razgulyay", while the expenditures for assets’ purchase have made RUR 6.2 billion, said the general director of "RusAgro" Maxim Basov. Taking into account the debt "Razgulyay" which was ‘inherited’ by "RusAgro" , the return of the full cost of assets of "Razgulyay" was planned for two years.
BELARUS
The forecast of sugar beet harvest in Belarus this season speaks of 4.8 million tons, about one million more than in the previous year. State order, which is backed up by money allocated from the budget, makes almost 2.1 million tons; the volume is calculated on the basis of domestic demand. The processing companies will have to decide how to pay for the rest of beets. According to recent data the average weight of beet is 469 grams, which is around 80 grams heavier than the same time last year, the sucrose content makes average 14%.
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According to the Federal Customs Service of Belarus, sugar exports amounted to 187 000 tons for 6 months (January - June) 2016, of which Russia received 160 000 tons, Ukraine – 20 thousand tons. Export of molasses has totalled 17 thousand tons and was mainly channelled to Lithuania (10.9 thousand tons) and Latvia (5.4 thousand tons). Import of raw sugar has reached 234 000 tons, with suppliers from Brazil (121 thousand tons) and Cuba (113 thousand tons). Other sugars (HS 1702) imports have made 8 000 tons.
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