Sugar prices rise in Ukraine due to significant reduction in production

In Ukraine, a new sugar refining season traditionally began on September 1. This year, 27 sugar factories will operate, planning to produce 1.5 million tons of products. This was reported by the National Association of Sugar Producers of Ukraine “Ukrsugar”. They note that over the past five years, the area under sugar beet in Ukraine has been stable, at the level of 220 thousand hectares. This year, there has been a significant reduction – to 198 thousand hectares, which is 22% less than last season. The main reason for this reduction was the limited quota of the European Union for the import of Ukrainian sugar. The traditional regions for beet cultivation remain the leaders: Vinnytsia, Khmelnytsia, Ternopil and Poltava regions. 27 factories will be launched from September 1, two less than last year. Analysts predict the production of about 1.5 million tons of sugar in Ukraine. This is 300 thousand tons less than last season, but this volume covers domestic sugar consumption, ...