Ukraine cuts sugar exports by 27% in 2017/2018 MY

11:46, 18 October 2018
Economy
197 0
REUTERS

Read alsoAlmost 600,000 tonnes of sugar already produced in Ukraine this season

"In total, according to the results of 2017/2018 MY, Ukraine exported 564,000 tonnes of sugar to foreign markets at the amount of $221 million – 27% less than the previous season," the press service of Ukraine's National Association of Sugar Producers "Ukrsugar" said in a statement.

In 2017/2018 MY "Radekhivskyi Sugar" LLC became the biggest sugar exporter, having delivered 138,500 tonnes at the amount of $55,55 million.

The second place in the rating was taken by "Tsukoragroprom" LLC – 93,000 tonnes of sugar ($40,65 million). Podillia "Foods Company" PJSC became the third having exported 80,400 tonnes of sugar ($27,66 million).

According to "Ukrsugar" forecasts, in 2018/2019 MY sugar exports are expected at the last year level – about 500,000-600,000 tonnes. Uzbekistan, Turkey and Azerbaijan will remain the main importers of Ukrainian sugar.

In 2016/2017 MY "Vinnytsia Center of Grain Production" LLC became sugar export leader and managed to put on the foreign markets 152,500 tonnes of sugar at the amount of $74,7 million.

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