Business news from Ukraine

UKRAINE USES 90% OF QUOTA ON DUTY-FREE SUGAR EXPORTS TO EU – MINISTRY

14 September , 2015  

KYIV. Sept 14 (Interfax-Ukraine) – Since early 2015, Ukraine has supplied 18,000 tonnes of sugar under the duty-free quota provided by the European Union (EU), which has a total of 20,070 tonnes.

Agricultural Policy and Food Minister of Ukraine Oleksiy Pavlenko wrote on his Facebook page that ending sugar stocks as of early 2015/16 agricultural year (September–August) have been estimated at 500,000 tonnes. It is expected that 1.2-1.3 million tonnes of sugar will be produced, which will fully satisfy domestic demand.

As reported, according to Ukrtsukor association, sugar production in 2014/15 agri-year grew by 75%, to 2.1 million tonnes, while the domestic market fell to 1.6 million tonnes due to the reduction of sugar supplies to Crimea, Donetsk and Luhansk regions.

Ukrtsukor Director General Mykola Yarchuk said that in 2015/16 agri-year a total of 35-36 sugar refineries would work in Ukraine.

UkrAgroConsult consulting agency predicts that sugar production will drop to 1.3-1.4 million tonnes in the new agricultural year.