Since the beginning of March, Ukrainian sugar producers began actively selling their products on the African continent. This alternative direction appeared following active lobbying to ban the sale of Ukrainian sugar in Poland and other European countries.
Three African countries are currently the leaders in purchasing Ukrainian sugar – Cameroon, Libya, and Guinea. This is 20% (almost 8,000 tons) of the total volume of Ukraine’s exported sugar.
It is noted that the sugar produced in 2023 and in the beginning of 2024 should be enough for the domestic market. Also, sugar reserves are sufficient to meet the needs of residents of other countries.
According to the Ministry of Agrarian Policy calculations, the wholesale price of a kilogram of sugar is, on average, ₴23- ₴24. Ukraine needs up to a million tons of sugar for its annual domestic needs.