Tridge summary
In 2021, Ukraine saw a significant trade imbalance in sugar, with imports reaching 163.7 thousand tons and exports only 25.53 thousand tons, a decrease of 125 thousand tons from the previous year. The majority of the imports were received from Brazil, Poland, and Belgium, while the main export markets were Israel, Armenia, and Azerbaijan. The country also imported and exported molasses in substantial quantities. The article also hints at potential sharp increases in sugar prices for 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Last year, Ukraine imported 163.7 thousand tons of cane and beet sugar, while it exported 6.4 times less - 25.53 thousand tons. Compared to 2020, sugar exports decreased by 125 thousand tons. practical center for sugar beet production (NPC CBV) with reference to customs statistics, according to Interfax-Ukraine. These are trade in goods belonging to commodity position №1701 of the Ukrainian Classification of Goods for Foreign Economic Affairs (UKT FEA) "Sugar from sugar cane or sugar beet and chemically pure sucrose, in solid form". According to the NPC, in 2021 Ukraine imported cane and beet sugar by $ 80.89 million, mainly from Brazil - by $ 58.92 (72.84% of the total), Poland - by $ 13.87 million (17.15%) , Belgium - by $ 2.18 million (2.74%). At the same time, sugar exports in 2021 decreased by 5.9 times compared to 2020 - from 150.6 thousand tons to 25.53 thousand tons, while in monetary terms, exports fell 4.3 times - from $ 59.73 million up to $ 13.8 million The largest ...
Source: Agropolit
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