Thursday, May 2
Ukraine has brought the volume of sugar exports closer to the highest historical figures.
Tuesday, October 17, 2023
According to official data, Ukrainian companies exported 25,000 tons of sugar in September. Since the beginning of the season (October 2022), the export of this product has reached 427,000 tons.
The main reasons for the increase in exports are high sugar balances at the start of the 2022/23 season, high global sugar prices throughout the season, and the ban on sugar exports from June 5 to September 15, inclusive, due to government fears of a sugar shortage.
Sugar exports in Ukraine were higher only in 2016-2018 – 465,000, 599,000, and 585,000 tons per year, respectively. In 2023, Ukrainian farmers significantly increased the acreage of sugar beet up to 250,000 hectares against 184,000 hectares last year.
