Russian and Ukrainian sugar news, Oct 28, 2020

Latest news are available in our daily reports.

RUSSIA

The price of white beet sugar from industrial producers has made RUR 39.68/kg (+4.7% per week) according to the Food Safety Monitoring and Forecasting System of the Ministry of Agriculture of Russia on October 21, 2020.

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According to the Ministry of Agriculture of the Russian Federation, as of October 27, 2020, sugar beets were harvested from 796.8 thousand hectares or 85.9% of the acreage sown; 28.6 million tons of beet collected; average yield makes 35.93 MT/ha.

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On October 27, 2020, 7 sugar contracts were sold at NTB. The total volume of sales has made 280 MT at the average price of RUR 44107/MT (US$576.98/MT at the exchange rate of CBR on date indicated). Trading session closed at $575.58/MT (CFO).

UKRAINE

As of October 27, 2020, Ukrainian agricultural producers continue sugar beet harvesting. By report date, the acreage harvested has made 88.5 thousand hectares (41% to the forecast); bulk harvest makes 3.7 million tons.

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According to NASU "Ukrtsukor" report dated October 27, 2020, 377.7 thousand tons of sugar were produced in Ukraine out of 2.88 million tons of sugar beet processed.

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