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RUSSIA
The Arbitration court has extended bankruptcy proceedings against company “Varyag”, which debt before the bank exceeded 350 million rubles by the end of March 2017. According to SPARK-Interfax, "Varyag" Ltd. was registered in 2003. The authorized capital - 10 thousand rubles. The main company activity is a wholesale sugar trade. Revenues in 2014 amounted to 345.8 million rubles, net profit - 3 million rubles.
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According to the Ministry of Agriculture, sugar beet was harvested from the area of 1.0396 million hectares by November 14, 2016 (93.6% of the area sown).
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According to the figures by Williams Brasil dated November 15, 2016, total 37 vessels have been nominated to carry 1246100 MT of raw cane sugar in 2016 season from Brazilian seaports to the Black/Baltic seaports with end-receivers in CIS, Georgia and Baltic states. As of today, the volume received and unloaded makes 1118400 MT from 33 vessels, based on Sugar.ru data.
UKRAINE
"Astarta" plans to keep up the acreage of sugar beet at the level of 2016 (which was about 45 thousand ha) in 2017 season, Victor Ivanchyk, CEO of agricultural holding, has told.
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The Ministry of Agrarian Policy of Ukraine has issued a draft resolution for the Cabinet of Ministers "On state regulation of sugar and sugar beet production during the period from September 2017 to September 1, 2018", which suggests to establish the maximum volume of quota A (sugar supply on the domestic market) for the period indicated in the amount of 1 640 000 tons.
BELARUS
By November 15, 2016, the country has harvested 100% of the national sugar beet acreage of 94.3 thousand hectares, reports the Ministry of Agriculture of the Republic of Belarus. Bulk harvest makes 4 222.5 thousand tons (in 2015 - 3 313.8 thousand tons) of beets with average yields of 44.78 MT/ha (in 2015 – 33.72 MT/ha). Sucrose content in beet makes 17.31% against 16.64% in the same period last year
KYRGYZSTAN
According to the National Statistics Committee, the average consumer price of sugar has reached 55.39 Kyrgyz Soms per one kg in October 2016 (down by 2.16% vs. the previous month and down by 2.43% from the beginning of the year; year on year drop for the month of October has made 0.02%).
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