Ukraine in 2017 increased sugar exports by 29%
Domestic manufacturers for 2017 increased sugar exports compared with the previous year by almost 30% with 465,6 thousand MT to 598,7 kt, - reported in NASU "Ukrtsukor".
it has expanded the geography of export of domestic sugar. The largest buyers of steel Sri Lanka (69,03 kt), Turkey (49,1 thousand tons), Azerbaijan (44.9 thousand tonnes), Sudan and Libya (40 thousand tons), côte d'ivoire (34.5 thousand tonnes), whereas previously, the main importers were Georgia, Tunisia, Egypt, and Romania.
In the new season, the pace of exports continue to decline. In December it was exported to a 46.6 thousand tons of sugar, but in General, for 4 months 2017/18 MG – 174 thousand tons, which is twice lower than the same period of the previous season, when global markets were sold 343,9 thousand tons.
"Low world sugar prices didn't help much with exports. In addition, due to weather conditions the sugar content this year was not too high. However, Ukraine has managed to implement all the agreements", - told the experts of the Association.
sugar Prices fall because of rising production in Brazil.
In new York, the March futures for raw sugar fell to 13.19 cents per pound or 290 $/t
- In London March white sugar futures fell to 351,2 $/t, which is the lowest level since September 2015.
As of 23.01.2018 this season in Ukraine from 14.26 million tonnes of sugar beet produced 2.05 million tonnes of sugar. In the beginning of the season worked 46 sugar factories, of which 3 still boiled sugar.