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RUSSIA
According to the Ministry of Agriculture, the consumer price was at the level of 46.88 rubles per kilogram as of July 10, 2017 and for the week increased by 2.1% (-3.5% since the beginning of 2017).
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According to Sugar.ru price monitoring data for the period from July 13, 2017 to July 20, 2017, the US dollar rate fell by 2.3% (on July 13 – RUR 60.62/$; on July 20 – RUR 59.24/$). The ruble Moscow wholesale price for sugar fell by RUR 0.80/kg (-1.79%), the Krasnodar wholesale price went down by RUR 0.70/kg (-1.69%). The US dollar wholesale price for sugar in Moscow increased by $ 0.004/kg (+ 0.54%), the wholesale Krasnodar price increased by $ 0.004/kg (+ 0.58%).
The end demand has somewhat revived, but continues to be low, so that the small stocks of sugar remaining with producers are sufficient to meet it. Regional companies still earn from a supply of sugar to industrial producers. The fall in the price of sugar stopped at 40 rubles per kilogram, but more and more producers and large wholesalers declare the trade stopped before the new crop due to the lack of sugar. Railway monitoring by Sugar.Ru shows a significant drop in shipments in July this year, a preliminary estimate for July is 97 000 tons, or even less (in 2016 - 119 thousand tons), hence, not much sugar is available in in the regions.
On the eve of the new harvest, Krasnodar companies are beginning to offer forwards for sugar at a price of 40-41 rubles per kilogram, but the offers are not in high demand yet. In any case, the launch of Krasnodar plants cannot cover the need for sugar everywhere in Russia, and it means that a sugar deficit scenario will persist until the start-up of factories in the central part of Russia. Having in mind this fact, the market is ready for an increase in sugar prices, so it is possible that we will withness it next week.
UZBEKISTAN
According to the Ministry of Finance, the state price of sugar rose to 4,114,200 Soums per ton as of July 1, 2017, (RUR 60,293/MT at the Central Bank exchange rate as of July 19, 2017).
UKRAINE
The Dutch FMO development bank allocates a $ 25 million loan to the Astarta agro-holding for the development of the energy efficiency program in the sugar segment of the company.
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According to Gosstat, the volume of sales of white sugar amounted to 348.1 thousand tons in January-June of 2017, which is 2.2 times more than the same period last year. The average consumer price of sugar was UAH 12487.6/MT (RUR 25.85/kg at the rate of the middle of the period). The maximum selling price was observed in Lvov region - UAH 12844/MT, the minimum – in Kiev: UAH 9708/MT.
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According to Ukrstat, Ukraine exported 388 000 MT of refined sugar in January-May. The geography of exports of Ukrainian sugar covers almost all continents: Sri Lanka (41.1 thousand tons), Libya (37,600 tons), Cote d'Ivoire (34,500 tons), etc. The countries of the former USSR that have received Ukrainian sugar include: Georgia - 13.1 thousand tons, Azerbaijan - 6.7 thousand tons, Moldova - 3.2 thousand tons. Turkmenistan – 2.5 thousand tons, etc. Sugar imports for 5 months made 587.8 tons, of which 250 tons arrived from the US and 140 tons from Denmark.
KAZAKHSTAN
According to Statkom, the production of sugar and molasses decreased by -37.66% in June 2017 and amounted to 34097 tons (in 2016 - 46083 tons, in 2015 - 58079 tons). Thus, total volume of 171 311 MT of sugar and molasses have been produced from the beginning of 2017.
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КОММЕНТАРИИ