In 2019 the production of sugar in Ukraine is significantly reduced
According to analysts in Ukraine in 2019/20 MG sugar production will be reduced in comparison with the previous season by 30% to 1.1-1.2 million tonnes. According to NASU "Ukrtsukor", the acreage under sugar beet in 2019 was reduced by a quarter. Ukraine according to the results of the sugar-making season 2018-2019 reduced the production of sugar by 15 percent to 1.8 million tons. in the sugar market today there is quite a sharp reduction sharepointadmin plants. So, if in 2018 they are 42, then in 2019 will run only 32 plants because of low profitability.
Ukraine in the first 11 months 2018/2019 MG 409,7 exported thousand tons of sugar that is by 23.8% less than in the same period of the previous my.
this is stated in the message NASU "Ukrtsukor".
In the current marketing period, the active demand for Ukrainian product is coming from the post-Soviet countries: Uzbekistan, Azerbaijan, Kyrgyzstan, and Tajikistan.
According to the balance calculations of the domestic consumption of sugar in September-July 2018/2019 Mr estimated at 1.25 million tons.
Stocks of sugar on August 1, 2019 are estimated at 0.6 million tonnes, which is 3% higher than last year.
Experts pointed out that the 2019-2020 marketing year may be one of the most challenging for the sugar market of Ukraine for the past couple of years. As reported the UNIAN, earlier in the National Association of sugar producers of Ukraine (NASU) "Ukrtsukor"announced that wholesale prices of sugar in 2019-2020 MG can grow on 18% - to 13 thousand UAH/tonne reduction in production.