Business news from Ukraine

UKRAINE REDUCES SUGAR EXPORTS BY 20%

9 July , 2019  

Ukraine for the ten months of the 2018/2019 marketing year (MY, September-August) exported 403,000 tonnes of sugar, which is 20% less than during the same period of the previous MY, the press service of the Ukrtsukor National Association of Sugar Producers has said. “It is likely that, according to the results of the current marketing year, sugar exports will amount to about 500,000 tonnes. This is 10% less than in the previous MY. The decline in supplies is due to low world sugar prices and an unfavorable market situation,” Ruslana Butylo, the deputy chairman of the association, said.
According to the association, sugar exports in June 2019 decreased by 40% compared with May and amounted to 24,800 tonnes.
“Azerbaijan remained the main importer of Ukrainian sugar in June, but Libya competed with it: these two countries accounted for 28% of total exports. Also, significant deliveries were made to Georgia and Tajikistan (12% and 10% respectively),” the expert said.

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