Ukraine halves sugar exports in June

Ukrainian sugar producers exported 24.8 thousand tonnes of sugar in June 2019, the press service of the Ukrtsukor National Association of Sugar Producers of Ukraine reported.

"In June of the current marketing season, 24.8 thousand tonnes of sugar were exported, which is 40% less than in May (41.3 thousand tonnes),” the report says.

Main deliveries were made to Azerbaijan (28%), Libya (28%), Georgia (12%), and Tajikistan (10%).

In general, over 10 months of the 2018/2019 marketing season, 403.0 thousand tonnes of sugar were exported, which is 20% less than in the previous season.

“In the current marketing year, sugar exports are expected to reach about 500 thousand tonnes, which is about 10% less than in the previous MY. The decrease in volumes of deliveries is due to low world prices for sugar and unfavorable market conditions,” the head of Ukrtsukor analytical department, Ruslana Butylo, said.

According to the Ukrtsukor analytical department, the number of sugar refineries in the country will decrease from 42 to 34.

Ukraine enters top-20 largest sugar producers in the world and is the tenth world’s largest exporter. As of year-end 2018, Ukraine exported sugar for the sum of $217 million.

Ukrtsukor