Sugar production in Ukraine will decrease by 23% - USDA
Sugar
Ukraine
Published Jun 3, 2022
Original content
In Ukraine, in 2022/23 MY sugar production will be 1.1 million metric tons (MMT), which is 23% less than previously estimated. This is stated in the report of the US Department of Agriculture (USDA). Ukrainian sugar producers are sandwiched between domestic and foreign markets. Thus, the domestic market of sugar production in Ukraine is gradually shrinking, but is the lion's share of consumers. At the same time, fluctuations in world prices require the accumulation of stocks. The armed conflict with Russia puts local sugar producers under even greater strain in terms of production and exports, the report said. Production areas for 2022/23 MY are projected at 181 thousand hectares, which is 19% less than in the previous MY. Experts stressed that the projected decline in production will be largely the result of Russia's military invasion of Ukraine, as sugar beet growers (especially small and medium-sized farmers) may be unsure of the ability of processing companies to buy their ...
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