Business news from Ukraine

Business news from Ukraine

UKRAINE IN 2018/2019 MARKETING YEAR EXPORTES 409,800 TONNES OF SUGAR FOR $144.3 MLN

Ukraine in the 2018/2019 marketing year (MY, September-August) exported 409,800 tonnes of sugar for $144.3 million, which is 27% less than in the previous MY, the Ukrtsukor National Association of Sugar Producers has reported
According to the association, during the reporting period there were changes in the geography of export deliveries.
“Although Uzbekistan remains the leader in imports, shipments to this country have significantly decreased from 210,000 to 96,000 tonnes. Azerbaijan ranked second with 74,000 tonnes, which ranked third last season (43,000 tonnes). Tajikistan ranks third with 36,000 tonnes (16,000 tonnes, the ninth place),” Ruslana Yanenko, the deputy chairman of the board of Ukrtsukor, said.
She noted that the share of deliveries to Uzbekistan in total exports decreased from 37% in the 2017/2018 MY to 24% in the 2018/2019 MY. The reasons for the reduction in shipments, in her opinion, are, first of all, changes in the tax policy of Uzbekistan, as well as a large number of logistic problems in the season related to the supply of Ukrainian sugar to Uzbekistan. In the 2018/2019 MY season, shipments to Israel and Libya increased, which ranked seventh and eighth in the overall ranking of Ukrainian sugar importers.
According to the association, sugar exports in the 2019/2020 MY will amount to approximately 300,000 tonnes.

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