News

Sugar exports from Ukraine jumped by 64 percent

Sugar
Ukraine
Market & Price Trends
Published Apr 14, 2024

Tridge summary

Ukraine has seen a significant increase in sugar exports, with a 64% rise to 430,000 tons in the first half of the current agricultural season starting October 1, compared to the same period last year. Despite facing export restrictions to Europe, Ukrainian exporters are expanding their market reach to Africa and Asia. With a production of about 1.8 million tons of sugar last year and domestic consumption of 1 million tons, Ukraine is poised to export between 700-800 thousand tons this season, although the EU's import capacity is limited to 300-400 thousand tons. The country's leading sugar exporters, 'Radekov-Sukor', 'Ukrprominvest-Agro', and 'Astarta', are responsible for 60-70% of these exports.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first half of the current agricultural season, which began on October 1, sugar exports from Ukraine jumped by 64% compared to the same period last season to 430,000 tons, ShareUaPotential reported, citing customs statistics. In March alone, exports rose to 81,000 tons from 75,000 tons in February and 48,000 tons in March 2023. "Taking into account the available restrictions on the amount of Ukrainian sugar exported to Europe (recall that in 2022 and 2023 almost all sugar exports from Ukraine were directed to the European Union), Ukrainian exporters are beginning to pay sugar to countries in Africa and Asia ( specifically through the Ukrainian deep ports)", analysts point out. Last year, Ukraine produced about 1.8 million tons of sugar with a domestic consumption of 1 million tons, and in the current season the country can exceed the indicators of recent years and export 700-800 thousand tons, they ...
Source: Sinor
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