Ukrainian sugar export is booming

7 December 2016

According to customs statistics, sugar export from Ukraine in November16 made about 112k tons, almost two times higher vs. previous monthly record seen in October. In money terms export made USD 55.6M.

In January-November total net export made close to 288k tons (vs. slightly more than 110k tons for the whole Y2015). Ukrainian 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 (during September-November it already made about 220k tons).

By information of Ukrtsukor as of December 5 Ukrainian refineries produced 1.74M tons of sugar (11.86M tons of sugar beets has been processed). We expect that in current season total sugar production in Ukraine will make 2.0-2.1M tons (vs. 1.46M tons in previous season).

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