Russian and CIS sugar news, Mar 20, 2018

Latest news are available in our daily reports.

RUSSIA

Sowing area of sugar beet in the Voronezh region are planned at the level of the previous year and will amount to 136 thousand hectares in 2018, the administration of the region reports.

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Rusagro does not expect a significant reduction in sugar in the country in 2018, suggesting it at 5.8-6.5 million tons, the company's CEO Maxim Basov said.

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The Rusagro group reduced its net profit 2.5 times under IFRS in 2017 compared to the previous year, to make total 5.563 billion rubles.

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Over 760 million rubles will be invested in the modernization of sugar plants in the Oryol region in 2018. The planned volume of procurement of sugar beet harvest in 2018 will be about 2.5 million tons (in 2017 - 2.25 million tons), the administration of the region informed.

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The production of beet sugar in Russia amounted to 392 thousand tons in January-February 2018, according to Rosstat.

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According to the figures by Williams Brasil dated March 20, 2018, total 2 vessels have been nominated to carry 66500 MT of raw cane sugar in 2018 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 33500 MT from 1 vessel, based on Sugar.ru data.

BELARUS

According to the analysis of data by Statkom of the Republic of Belarus, conducted by Sugar.Ru, production of sugar decreased over the month by 100.00% in February 2018 and has made 0.0 thousand MT (in the last month - 42.1 thousand MT, in February 2017 - 19.6 thousand MT). Production of sugar by January-February 2018 increased compared to the same period last year by 35,81% and has made 42 thousand MT (in 2017 - 31 thousand MT).

UKRAINE

"Astarta" plans to keep sugar beet crop acreage in 2018 at the level of previous year, the company's press service reports.

KYRGYZSTAN

According to Statkom, the production of sugar in the country amounted to 2,862.1 tons in February 2018, which is 69.4% less than in February 2017 (9350.7 tons).

Sugar.Ru