Ukraine produced about 1.8 million tons of sugar in 2023 and early 2024, with the average wholesale price at 23-24 UAH/kg in early 2024, First Deputy Minister of Agrarian Policy and Food Taras Vysotsky said at a meeting on the development of the sugar industry.
“In general, the situation on the domestic sugar market is stable. The product is sufficient for the domestic needs of Ukrainians and to ensure the necessary export volumes,” the press service of the Ministry of Agrarian Policy and Food quoted him as saying on Facebook.
Vysotsky reminded that Ukraine needs up to 1 million tons of sugar annually for domestic needs. According to the memorandum of understanding, the maximum volume of sugar exports in the 2023/2024 marketing year should be up to 650 thousand tons.
The meeting, which was attended by representatives of the industry association and leading sugar producers, also discussed the planning of sown areas for 2024 and the expansion of the geography of sugar exports.
As reported, in November 2023, the Ministry of Agrarian Policy and the National Association of Sugar Producers of Ukraine (Ukrtsukor) signed a memorandum of understanding in which they agreed to regulate sugar exports based on the preliminary balance of supply and demand in the 2023/2024 marketing year.
