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RUSSIA
According to the Ministry of Agriculture, sugar beets were harvested from the area of 977.2 thousand hectares (88% of the area sown) by November 2, 2016.
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Emergency situation is announced in Tula region because of crop failure due to the lasting poor weather conditions in the region.
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The consumer prices for sugar have decreased by 0.8% in the period October 25 to 31, 2016; from the beginning of the year – by 0.2% (vs. the end of December 2015), according to Rosstat.
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According to the data of price monitoring by Sugar.ru for the period October 27 – November 03, 2016, the US dollar exchange rate increased by 1.9% (on October 27 US$ 1=RUR 62.26; on November 3 –US$ 1=RUR 63.42). Moscow ruble price of sugar fell by RUR 1.00/kg (-2.56%), in Krasnodar price dropped by RUR 0.40/kg (-1.08%). US dollar equivalent price decreased by US$ 0.027/kg (-4.31%) in Moscow and by US$ 0.017/kg (-2.86%) in Krasnodar.
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After a period of stabilization of sugar prices from producers, there was an attempt of large companies to raise prices, but finally the factories price dropped by RUR 0.40-1.00/kg. The level of sugar sales is moderate; market participants mark some interest on the part of manufacturers. The major event worth mentioning is the export contract for the supply of 4 thousand tons of white sugar by Rusagro.
UKRAINE
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From September 30 to October 31, 2016 the weighted average price of sugar in the country has increased by 2.11% or by UAH 0.3/kg (RUR 0.74) to reach UAH 14.02/kg (RUR 34.74/kg), the State Statistics Committee reported.
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The six Vinnitsa region sugar mills have already manufactured nearly 250 000 tons of sugar, spokesman for the regional administration has told. Bulk harvest collected makes 1 930.2 thousand tons of sugar beet with an average yield of 49.45 MT/ha (in 2015 - 39.80 MT/ha). The acreage remaining makes 15.8 thousand ha (18.8%).
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КОММЕНТАРИИ