Ukrainian sugar export breaks new record, more to come in October

11 October 2016

According to customs statistics, sugar export from Ukraine in September16 made about 40k tons which is close to USD 20M in money terms. Basing on Ukrtsukor information it is the largest monthly volume during last 5 years. In August export made 34kmt, on average during January-July close to 16k tons.

In 9m 2016 161k tons of sugar was exported from Ukraine for about USD 80M (vs. USD 47M for the whole Y2015). Sugar export operations surged as after UAH devaluation and world sugar prices growth, starting from August15 world sugar price exceeded Ukrainian domestic price. Total export for new season is expected to reach 400-500k tons.

We expect new record for Ukrainian sugar export to be reached in October, at the moment main problem is logistics shortage of railcars and port infrastructure.

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