Sugar news from Russia, Ukraine, Armenia and Khazakhstan, Jan 17, 2017

Latest news are available in our daily reports.

RUSSIA

According to the figures by Williams Brasil dated January 17, 2017, total 43 vessels have been nominated to carry 1429950 mt of raw cane sugar in 2016-2017 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 1254300 mt from 38 vessels, based on Sugar.ru data.

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Lipetsk tax officers have joined the bankruptcy case by demanding the payment of 24.9 million rubles of taxes from "Varyag" – one of the Lipetsk region's largest sugar companies in the past.

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According to IKAR data, the juice extracting season may linger until March 2017 in Russia, the final sugar production volume may reach 5.94 million MT.

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The Arbitration Court of Tatarstan has accepted the suit of "Vikor" with an appeal against the decision of the republican Federal Antimonopoly Service to recognize 32 sugar mills guilty of price collusion of.

UKRAINE

Sea ports of Ukraine have moved 90 020 tons of sugar for export in 12 months of 2016, according to the Administration of seaports of Ukraine (ASD).

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According to preliminary data by Ministry of Agrarian Policy of Ukraine, the sugar beet harvest has made 13.9 million tons in 2016 with the average yield of 48.2 MT/ha.

ARMENIA

Any substantial rise in price was not observed in the country in 2016 compared to previous years, but after January 4, the price of sugar rose by 10%, according to "The National Academy of Armenian Consumers'.

KAZAKHSTAN

According to the statistic committee, the production of sugar and molasses has decreased by 19.45% in December 2016 and has made 38 293 tons (in 2015 – 25 195 tons, in 2014 – 33 652 tons). Since the beginning of 2016 the country has produced 457 230 tons of sugar and molasses, which is 49% higher than last year and by 14% compared to 2014 volume.

Sugar.Ru