Ukrainian sugar export gains momentum

15 November 2022

In October Ukrainian companies exported more than 30k tons of sugar, which was by three times higher than in previous month.

In total since the beginning of Y2022 Ukraine exported 72k tons of sugar, which means that almost half of this volume was exported in October.

As a reminder, after booming Ukrainian sugar export during FYs2016-17, in following years due to decrease of world sugar prices it was subdued. Moreover because of reducing sugar beets sowing area and relatively small sugar beet yields in Y2020, Ukraine became net importer of sugar in Y2021 (when export made 25k tons, import 165k tons).

In Y2022 decrease of sugar consumption in Ukraine and cancellation of custom duties for Ukrainian sugar in EU led to Ukrainian sugar export increase.

Taking into account that in Y2022 Ukraine is to produce about 1.2M tons of sugar, in new season Ukrainian sugar export can make from 100k tons up to 300k tons.

The biggest sugar producers in Ukraine are Astarta, Ukrprominvest-Agro and Radekhiv-Tsukor.

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