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RUSSIA
he consumer sugar prices increased by 0.9%, in the period March 20 – 26, 2018; and since the beginning of the year (by the end of December 2017) - decreased by 0.3%, according to Rosstat.
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According to Sugar.ru price monitoring data for the period from 22.03.2018 to 29.03.2018 the US dollar rate increased by 0.1% (on 22.03 - RUR 57.50/$, on 29.03 - RUR 57.56/$). Ruble Moscow wholesale price for sugar dropped by 0.70 RUR/kg (-2.27%), Krasnodar wholesale price dropped by 1.00 RUR/kg (-3.47%). US dollar Moscow wholesale price for sugar dropped by $0,012 /kg (-2.23%), Krasnodar wholesale price dropped by $0.018 /kg (-3.59%).
Over the past week, wholesale prices for sugar continued to decline. Today, on March 29, working prices in central Russia are 28.30 rubles per kilo and slightly higher. The level of support is somewhere around 28.00 rubles per kilo, but with this downward trend, it seems that the market will not stop there. Market participants continue to complain about the lack of demand.
According to railway cargo monitoring data by Sugar.Ru in the second half of March, exports have grown a little, but volumes still leave much to be desired. In 29 days of March total 26 thousand tons of white sugar were delivered for export (in February – 51.3 thousand tons total). Deliveries to Kyrgyzstan and Kazakhstan are growing since the beginning of the year, but exports to Uzbekistan have dropped significantly - only 5.8 thousand tons. The decrease in Uzbek exports is due to the saturation of the local market with supplies for the previous months and exports from Kazakhstan, which bought at least one vessel of raw sugar. Besides, the transit of Ukrainian sugar to Uzbekistan through Russia increased, since the beginning of March it amounted to 20.9 thousand tons (in February – only 14.8 thousand tons).
UKRAINE
Stocks of beet sugar amounted to 631,342 tons by the end of February 2018, according to Ukrstat. Stocks of beet pulp and molasses amounted to 861,404 and 121587 tons respectively by the end of February 2018.
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