Business news from Ukraine

Business news from Ukraine

Ukraine increased sugar exports by 17%, opening new markets

4 February , 2025  

In the first five months of the 2024-2025 marketing year (September 2024-January 2025), Ukraine exported more than 352 thousand tons of sugar to foreign markets, which is 17% more than in the same period of 2023-2024 MY, the press service of the National Association of Sugar Producers of Ukraine Ukrtsukor reported on Facebook.

The business association emphasized that the entire exported volume was directed to the world market, while in September 2023-January 2024, the share of exports to the world market was only 9.5%.

“The significant increase in the world market share in sugar exports is the result of successful efforts of Ukrainian sugar producers to find alternative markets due to restrictions imposed on Ukrainian sugar by the EU,” the industry association explained.

The main export destinations for Ukrainian sugar in September 2024-January 2025 were Turkey (19% of total exports), Libya, Somalia, Sri Lanka, and North Macedonia.

Ukrtsukr noted that since January 1, 2025, the possibility of exporting sugar from Ukraine to the EU countries has been restored. During the first 5 months of 2025, the domestic producers will be able to export 107.3 thousand tons of sugar to the EU.

As reported, in the production season of 2024, Ukrainian sugar producers produced 1.8 million tons of sugar. The volume of the domestic market in Ukraine is currently estimated at 900 thousand tons per year.

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