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RUSSIA
According to Soyuzrossahar, by October 24 over 3.1 million tons of beet sugar was produced from the beet harvested in 2018, 73 sugar factories operating. Over 25 million tons of sugar beet was harvested.
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According to Sugar.ru price monitoring data for the period from 18.10.2018 to 24.10.2018 the US dollar rate dropped by -0.1% (on 18.10 - RUR 65.40/$, on 24.10 - RUR 65.31/$). Ruble Moscow wholesale price for sugar dropped by 0.50 RUR/kg (-1.31%), Krasnodar wholesale price have not changes from the level of 35.50 RUR/kg. US dollar Moscow wholesale price for sugar dropped by $0.007 /kg (-1.19%), Krasnodar wholesale price increased by $0.001 /kg (+0.18%).
Over the past week, the major sugar companies have gathered their strength, and decided to give battle to declining prices. On Wednesday, October 24, it worked, and on Thursday prices increased by one ruble in some spots, and by 2 rubles/kg in some other locations. A number of companies have suspended sales, apparently expecting a further increase in prices. The uncertain situation in the market, when the expected yield (plus sugar from molasses, plus Belarus) is approximately equal to estimated consumption, leaves a large field for speculation in the market and makes it unpredictable.
According to Sugar.Ru railway monitoring data, in 24 days of October 2018, Russia imported 21.6 thousand tons of sugar (total in September - 11.5 thousand tons), almost all of it – from Belarus, probably due to high internal prices in Russia. The export of white sugar by rail amounted to 13.9 thousand tons from the beginning of October, of which 12.4 thousand tons went to Kazakhstan. The transit tariffs for sugar transportation by the Russian railway are high, in 24 days of October 28.2 thousand tons of Ukrainian sugar and 14.5 thousand tons of Belarusian sugar were transported to Azerbaijan and to the countries of Central Asia. Systemic problems with the lack of a sufficient number of railcars for the transport of sugar continue.
According to the Ministry of Agriculture, as of October 21, 87.1% of the acreage was harvested; the expected sugar beet harvest is 40 million tons. According to Soyuzrossahar, by October 21, total 20.1 million tons of beets were processed, out of which 2.96 million tons of sugar was manufactures. Thus, in the ideal case, another 19.8 million tons of sugar beet have to be processed, with the current sugar production yield of 15.31%, which has a tendency to decrease. If we take the production yield of the sugar remaining of about 14.5%, we will get another 2.89 million tons of white sugar from beets. Thus, season total, taking into account the average loss of the beets of 0.24%, an estimation of refined beet sugar manufacture will make 5.73 million tons, another 70 thousand tons of sugar from molasses to be added, then we arrive at a total production of 5.85 million tons of refined beet sugar per season. Further adjustments will depend on the weather.
UKRAINE
184 000 hectares of sugar beet were harvested, with 8.9 million tons (66%) of beets collected at a yield of 48.4 MT/ha as of October 23, 2018, according to the Ministry of Agrarian Policy.
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Agroholding I & U Group will build a biogas plant in the Kirovograd region worth € € 15 million with a loan from the EBRD. The plant will The facility utilize over 60 thousand tons of sugar beet pulp annually, the EBRD press service reported.
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