Russian and Ukrainian sugar news, May 23, 2017

Latest news are available in our daily reports.

RUSSIA

According to the figures by Williams Brasil dated May 23, 2017, total 9 vessels have been nominated to carry 327910 mt of raw cane sugar in 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 190400 mt from 5 vessels, based on Sugar.ru data.

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According to IKAR's forecast, the sugar production will amount to 6 million tons in season 2017/18, but bad weather and partly reseeding of the beets can correct the estimate downward.

UKRAINE

According to the balances of the Economic Discussion Club, Ukraine has exported 72 thousand tons of sugar in April 2017, and - 684 thousand tons in September-April of the 2016/2017 Marketing Year, which is an absolute record in the history of the state. With considering the volume of domestic consumption in September-April (about 1 mln tons), the estimated sugar stocks as of May 1, 2017 amounted to 603 thousand tons (+27% to May 1, 2016).

Sugar.Ru