Sugar beet harvesting has started in Ukraine

Published 2021년 10월 5일

Tridge summary

Sugar beet harvesting has commenced in Ukraine, with a processed volume of 746.9 thousand tons and a sugar production of 90.6 thousand tons as of late September. The price of sugar has stabilized and decreased by 10% from August, and the yield forecast remains positive at 480 tons per hectare. The number of sugar factories has increased to 20, enabling an estimated sugar production of 1.45 million tons in this marketing year, up from 1.01 million tons last year. However, the high gas costs included in the product price make it challenging to predict the final price for the year. Experts recommend subsidies for sugar exports and cultivation to improve the export situation and boost yields, particularly in face of logistical challenges and the pandemic's impact on traditional export markets.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was reported by delo.ua. "Sugar beet harvesting has started in Ukraine. Thus, as of the end of September, the plants processed 746.9 thousand tons of sugar beets and produced 90.6 thousand tons of sugar. Due to high yields, the price of sugar has already stabilized, and now a kilogram is at least 10% lower than in August. However, despite the optimistic forecasts, there are other reasons that may stimulate the rise in price, "- said in a statement. It is noted that in the current marketing year the area under sugar beets is 220.6 thousand hectares. Last year - 206 thousand hectares. The yield forecast also shows a positive trend: last year 47-47.5 t / ha, and this year - 480 t / ha. The number of sugar factories has also increased: in 2020, 15 companies were operating, and this year already 20. "In the current marketing year, Ukrainian companies will be able to produce sugar in the range of 1.45 million tons. Last year, this figure was 1.01 million tons. Based on the ...

Source: Agravery