What can be the solution under conditions of restrictions on the export of Ukrainian sugar to the EU
Sugar
Ukraine
Regulation & Compliances
Market & Price Trends
Published Mar 6, 2024
Tridge summary
The European Union is planning to impose restrictions on sugar imports from Ukraine, which could significantly impact the Ukrainian sugar industry. The European Commission intends to reduce the current annual import of 507,000 tons to 320,000 tons in 2024 and further to 150,000 tons by June 2025. This could potentially halt the industry's growth, prompting suggestions to explore other markets and add sugar to the list of goods exported from Black Sea ports. Meanwhile, in 2023, farmers in Vinnytsia, Ukraine harvested nearly 2.5 million tons of sugar beets, most of which have already been processed at sugar factories.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Restrictions on sugar imports from Ukraine, which the European Union is considering, may become a problem for the industry. It is worth considering possible ways of solving this problem right now. Oleksandr Korotynskyi, director of the Scientific and Practical Center "Sugar Beet Production", expressed this opinion in his article for The Ukrainian Farmer magazine, as reported by AgroTimes. In the 2022/23 calendar year, Ukraine exported 507,000 tons of sugar to the EU, but now the European Commission has decided to limit the export of Ukrainian sugar to 320,000 tons in 2024 and 150,000 tons by June 1, 2025. This can negatively affect both Ukrainian sugar growers and agricultural producers, stopping the development of the industry, the specialist noted. If farmers sow the planned 270,000 hectares of sugar beets in 2024/25, production can reach 2 million tons of sugar (under favorable conditions). Domestic consumption will amount to 1 million tons, so it is necessary to consider ...
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