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RUSSIA
Consumer prices for sugar decreased by 0.7% in January 16 – 22, 2018 in Russia, according to Rosstat. Since early January 2018, consumer sugar prices have decreased by 0.8%.
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According to Sugar.ru price monitoring data for the period from 18.01.2018 to 25.01.2018 the US dollar rate dropped by -0,4% (on 18.01 - RUR 56,59/$, on 25.01 - RUR 56,39/$). Ruble Moscow wholesale price for sugar increased by 0,80 RUR/kg (+3,00%), Krasnodar wholesale price increased by 0,70 RUR/kg (+2,77%). US dollar Moscow wholesale price for sugar increased by $0,016 /kg (+3,39%), Krasnodar wholesale price increased by $0,014 /kg (+3,13%).
The wholesale price of sugar began to grow rapidly this week boosted earlier by the previous week. The largest companies consistently raised prices, and heated the market so that on Wednesday and Thursday (January 24-25, 2018), supply prices from companies were changing throughout the day. Strategically this is affected by a lowered forecast for sugar beet production and a continuing record export of white sugar, tactically - the absence of rail cars for the shipment of sugar and the temporary withdrawal of a number of companies from the market, including such large companies as Rusagro. However, due to the increase in prices, some of these companies are returning to the market (for example, Pokrovsky), which reduces the likelihood of further price increases.
According to the railway monitoring data by Sugar.Ru, after a lull on the New Year holidays, Russian exports began to recover. In 25 days of January, total 57 thousand tons of white sugar were shipped for export by rail, of which 40 thousand tons went to Uzbekistan. The import of white sugar has also increased, so, if in December the import by rail was 18.9 thousand tons, then in 25 days of January it has reached 22.8 thousand tons already – most of which emerges from Belarus. A significant share of the CIS market is taken from Russia by Belarus and Ukraine, which deliver 20-25 thousand tons a month to Uzbekistan, Tajikistan, Turkmenistan and Azerbaijan. Since the beginning of January, Ukraine has supplied 15 thousand tons to Uzbekistan only by the Russian rail.
Large volumes of raw sugar continue to flow to Kazakhstan, which has already received 157 thousand tons of raw sugar in the new sugar season before January 1, and now expects two more steamers with a total tonnage of 66.5 thousand tons.
UKRAINE
According to Ukrstat, the production of sugar decreased over the month by 45.43% in December 2017 and has made 336.0 thousand tons (in the last month - 615.8 thousand tons, in December 2016 - 329.0 thousand tons). Total 1969 thousand tons of sugar have been produced in January-December 2017 (in January-December 2016 - 351 thousand tons).
KYRGYZSTAN
According to Statkom of Kyrgyzstan, sugar production increased over the month by 40.84% in November 2017 and has made 24302.8 tons (in the last month - 17255.2 tons, in November 2016 - 12417.4 tons, in November 2015 - 12395.2 tons). Total 78800 tons of sugar have been produced in January-November 2017 (in January-November 2016 - 57308 tons).
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