Behind the closing of Ukrainian sugar mills, the profitability of growing sugar beets dropped in half last year

Behind the closing of Ukrainian sugar mills, the profitability of growing sugar beets dropped in half last year, compared to 2016, Yuriy Lupenko, director of the Institute of Agrarian Economics, tells Ukrinform. Nationwide, profitability averages 12%. Over the last two years, world sugar prices have fallen in half, to 11 US cents a pound today.