Russian and Ukrainian sugar news, April 13, 2021

Latest news are available in our daily reports.

RUSSIA

According to the Ministry of Agriculture of the Russian Federation, the price for white beet sugar from industrial producers was RUR 35.98/kg as of March 31, 2021 (0.0% per week).

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The Dobrinsky Sugar Plant has completed processing of sugar syrup. The plant has produced more than 44 thousand tons of sugar out of 60 000 m3 of sugar syrup, according to the administration of the Lipetsk region.

UKRAINE

At a meeting at the Ministry of Economy of Ukraine held on April 9, it was stressed that supply and demand in the sugar market are balanced, no price increase is observed, and wholesale selling prices are UAH 21.35-22/kg (RUR 59.21-61.02/kg at the current the rate of the Central Bank of the Russian Federation) including VAT.

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According to the annual report of Astarta for 2020, the company retained its leading positions in the Ukrainian sugar market with a market share of 20%. Class A sugar production increased from 96% in 2019 to 99%, of the total amount of 226 thousand tons produced in 2020. Revenues increased by 9% to reach € 127 million, driven by a 2% price increase last year and a 9% increase in sugar sales in 2020.

Sugar.Ru

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