Business news from Ukraine

Business news from Ukraine

UKRAINE TO START DISTRIBUTION OF TARIFF QUOTA FOR SUGAR FROM FEB 5

2 February , 2021  

From February 5, 2021, the Economy Ministry will start accepting applications as part of the distribution of the tariff quota for the import of raw cane sugar into Ukraine among importers.
As reported on the website of the Economy Ministry on Monday, the quota for the import of raw sugar in 2021 was set at 260,000 tonnes.
According to the State Statistics Service, in 2020, Ukraine imported 1,880 tonnes of sugar for $1.8 million, which is 39.2% and 9.8% more compared to 2019. Export of sugar from Ukraine in the past year amounted to 150,600 tonnes in quantity terms and $59.34 million in monetary terms, having decreased compared to 2019 by 30.3% and 36.4%, respectively.
According to the National Association of Sugar Producers Ukrtsukor, as of January 12, sugar production in Ukraine in the 2020/2021 marketing year amounted to 1.021 million tonnes, while the forecast for the entire marketing year was of 1.2 million tonnes, which is 15% less than in 2019/2020 marketing year. In this marketing year, 30 sugar factories operated in the country, which processed 7.7 million tonnes of sugar beet.

, ,