In May, Ukraine set a record for sugar exports, sending 108,000 tons

Published 2024년 6월 4일

Tridge summary

In May, Ukraine set a record for sugar exports, with 65% being sent to the EU and 35% to other countries, totaling 108,000 tons. Despite government restrictions on sugar exports to the EU, producers have managed to restore routes to both the EU and the world market. Sugar beet is expected to remain one of the most profitable crops in Ukraine, with 'Radehivsky Sugar' being the country's largest sugar producer in 2023. However, a surplus of 1.6 million tons is expected in the global sugar market for the 2023/24 marketing year due to high oil prices supporting the market. Despite challenges such as war and high energy prices, Ukraine has the potential to increase sugar exports by more than two times.

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

Original content

According to the results of May, Ukraine exported 65% of sugar to the EU, 35% to other countries. In May, a record was set for the export of sugar for a month — Ukraine sent 108,000 tons, said the acting Minister of Agriculture. Chairman of the Board of the National Association of Sugar Growers of Ukraine "Ukrtsukor" Yana Kavushevska at the Grain Ukraine 2024 conference, reports AgroPortal. On May 30, the government introduced restrictions on the export of Ukrainian sugar to the EU, but it is pleasing that our producers have restored the routes not only to Europe, but also to the world market (to the countries of the Mediterranean, West Africa), - noted Kavushevska. She also reported that the last season for sugar beet was not bad, and believes that sugar beet will remain in the top 3 crops in terms of profitability and can become a good alternative to cereals. It should be noted that as of today, the largest sugar producer in Ukraine in 2023 has become the company "Radehivsky ...

Source: Landlord