In Ukraine, the sugar cane farmers turned to the prime minister

Published 2021년 10월 7일

Tridge summary

The sugar beet industry in Ukraine is facing challenges due to the significant increase in natural gas prices, with some plants unable to afford the necessary 300 million cubic meters for production. This has led to potential losses for farmers and financial difficulties for sugar companies. The business community is seeking government subsidies of UAH 150 per ton for the 2022 state budget to offset costs and reduce the reduction in crop area. They also urge the government to collaborate on reducing natural gas prices.

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

Original content

The Ukrtsukor National Associations, as well as the USPP and the Council of Entrepreneurs under the Cabinet of Ministers, sent a letter to the head of the government, Denis Shmygal, expressing concern over the difficult situation in the sugar beet industry. This year, Ukrainian plants will need at least 300 million cubic meters of natural gas to produce sugar. Due to rising prices for natural gas, some companies will not be able to organize production, and farmers who have invested in it - will suffer significant losses. In particular, in June the price for 1 thousand cubic meters of gas made 11 thousand UAH, and already now in separate regions on the prepayment the tariff makes 28 thousand UAH. for 1 thousand cubic meters. Even without this, sugar companies are on the verge of unprofitability. Farmers spend more than 42 thousand UAH. per 1 hectare of sugar beet crops. With an average yield of 480 quintals per hectare and a price of 1,200 grams per ton of beets, their cultivation ...

Source: Landlord