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RUSSIA
The Russian Ministry of Agriculture in its update as of September 01, 2016 reports, sugar beet was harvested from the area of 95 700 ha, or 8.6% of the crop acreage.
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The LTD "Sugar refinery "Konyok-Gorbunok" from the Kursk region, have bought for RUR478 million the property of the LTD "BelSahar" plant (owned by the bankrupt Kazakh-Russian holding "Ivolga").
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According to the analysis of the FCS customs declarations, Russia exported 25.1 thousand MT of molasses to countries outside the Customs Union in July 2016. By the end of 7 months, the export of molasses from Russia has amounted to 200.5 thousand tons (in 2015 – 122.2 thousand tons, in 2014 – 366.7 thousand tons).
CUSTOMS UNION
The import duty for raw sugar shipments to the Customs Union stayed at US$ 140/ton for September 2016. The average monthly price for raw sugar on the stock exchange «The ICE» was US$441.10/t in August. In October 2016 the fee will remain at same level US$ 140/ton.
BELARUS
According to the "Belsakhar" Association, all sugar refineries of Belarus on Sept 1 have started sugar beet receiving and processing. As of the morning of Sept 2, from the new harvest was produced about 5 thousand tons of white sugar.
KAZAKHSTAN
According to the National statistic committee of Kazakhstan, domestic sugar prices from manufacturers have grown by 6.1% in August 2016; while from the beginning of the year the price of sugar from producers has added 31.3%.
UKRAINE
Ukraine has produced 8.6 thousand tons of sugar from the beginning of the season and as of September 1, 2016, according to “Ukrtsukor”.
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