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RUSSIA
The Federal Antimonopoly service (FAS) of Russia will complete the analysis of actions of economic entities in the sugar market by the end of January. The Agency sent requests to all sugar producers (more than 70 plants) about the volume of production, cost and products profitability, available stocks, the representative of FAS said.
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According to Sugar.ru price monitoring data for the period from 10.01.2019 to 17.01.2019 the US dollar rate dropped by -0.5% (on 10.01 - RUR 67.08/$, on 17.01 - RUR 66.76/$). Ruble Moscow wholesale price for sugar increased by 0.10 RUR/kg (+0.26%), Krasnodar wholesale price dropped by 0.30 RUR/kg (-0.82%). US dollar Moscow wholesale price for sugar increased by $0,004 /kg (+0.69%), Krasnodar wholesale price dropped by $0,002 /kg (-0.36%).
Last week, sellers were the first who took step back in the confrontation between sellers and buyers. Starting from Monday, prices are steadily declining. Large companies officially keep the bar at 37 rubles/kg, but in fact some are ready to go down, as buyers say, to 36 rubles/kg. This is quite logical, given the presence on the market of the so-called "collective farm sugar" for 36.2-36.5 rubles/kg. The supply of sugar in the regions deducting the railway tariff also shows the price level of 36.0-36.5 rubles/kg.
There is no exact information about the upcoming sugar sale from the state reserve, significant volumes are voiced with references to “reliable sources”, but we will refrain from figures and estimates.
According to Soyuzrossahar, from the beginning of the season, 5.766 million tons of white sugar was produced by 10 January, the current sugar output is 15.12%, and the current sugar production is 8.4 thousand tons per day. On January 14, beets stocks at the factories is estimated at 228 thousand tons, it means, that from the remaining beets it will be possible to produce another 34.5 thousand tons of white sugar; not counting their sugar beets in storage clamps at fields, which are still in small quantities, and sugar that will receive from molasses.
The pace of railway shipments are beginning to recover, 14.8 thousand tons of Belarusian sugar and 136 tons of Ukrainian (Radekhovsky sugar plant delivered to Kaliningrad) was imported to Russia by rail, for the first half of January. Exports for 16 days amounted to 4.1 thousand tons (all to Kazakhstan), transit – 7.6 thousand tons, 6.5 thousand tons of which were shipped by Ukrainian sugar factories, the rest from Belarus.
KAZAKHSTAN
According to an analysis of the EAEU data for Kazakhstan conducted by Sugar.ru, in November 2018, import of sugar (HS code 1701) was 18.46 thousand tons in the amount of $9.40 million. Total imports in January - November 2018 made 371.03 thousand tons in the amount of 164.05 million which is 88.76% from the same period of 2017. In 2017, sugar imports made 418.02 thousand tons. The main exporters of sugar to Kazakhstan in November were Russia (9.5 thousand tons) and Belarus (7.4 thousand tons). For 11 months, the main exporters of sugar to Kazakhstan were: Russia (133 thousand tons of white sugar), Brazil (101 thousand tons of raw sugar), Belarus (75 thousand tons of white sugar) and Cuba (30 thousand tons of raw sugar).
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