Ukraine`s sugar exports soar ninefold in 2017

Ukraine in January-March 2017 exported 267,400 tonnes of sugar, which was nine times more year-over-year (y-o-y), according to the Ukrainian Agrarian Confederation press service.

Ukraine`s sugar exports in monetary terms were estimated at US$131.5 million in Q1 2017, or 1.3% of the total national exports.

The main buyers of Ukrainian sugar in January-March this year were Cote d`Ivoire (12.3%), Sri Lanka (12.2%) and Myanmar (9.1%), the report said.

The Ukrtsukor national association of sugar producers reported earlier that, in general, Ukraine has exported 611,100 tonnes of sugar since the beginning of the current 2016-2017 marketing year (MY, September 2016 – August 2017).

As UNIAN reported, Ukrainian enterprises during the sugar refining season (August 20, 2016 – January 11, 2017) exported 344,000 tonnes of sugar, which was 33 times up y-o-y, according to the Agrarian Policy Ministry estimates. During this period, they processed 13.7 million tonnes of sugar beets and produced 2.01 million tonnes of sugar, although the domestic market demand for 2017 was estimated at 1.54 million tonnes of sugar, according to Ukrtsukor. Some 42 sugar refineries were in operation in Ukraine during the sugar refining season.

In 2015-2016 MY, agrarians exported 113,000 tonnes of sugar.

Production of raw sugar in 2016 grew by 30% from 2015, while sugar production rose by 40%.

In 2016, farmers increased the area under sugar beets to 284,000 hectares against 239,000 hectares in 2015.

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