Ukraine is a major exporter of sugar

2017-11-20 13:14:59
Machine translation
Ukraine is a major exporter of sugar

In the November balance USDA forecast sugar exports from Ukraine in the season 2017/18 increased in comparison with the previous report on 100 thousand tonnes to 850 thousand tonnes

 

Assessment of sugar production remained unchanged at the level of 2,385 million tons.

 

the Forecast for world sugar production in season 2017/18 increased in comparison with the October report by 2.66 million tonnes to 174,2 million tons.

 

According to the Association "Ukrtsukor", as 17.11.17 in Ukraine with 10.1 million tonnes of sugar beet produced 1.42 million tons of sugar.

 

During September – October 2017/18, my Ukraine exported 59,3 thousand tons of sugar, in particular, in September 17 thousand tons, and in October of 42.3 thousand tons.

 

the Main buyers of domestic sugar are traditionally Azerbaijan (29% of total exports), Sri Lanka (18%), Tajikistan (9%) and Sudan (8%).

 

World sugar prices in recent months increased by 6.9% due to increased demand and delay harvesting of sugar beet in the EU and Ukraine.

 

December contracts on raw sugar in new York during the month rose by 7% to 15.09 $/lb or 330,6 $/t. However, the March futures traded at a lower price as take into account the seasonal increase in the supply of sugar from South American countries.

 

French Ministry of agriculture increased its estimate of beet sugar production by 23% to 42.6 million tons, provided a yield of 90 t/ha. Although the best yields of sugar beet in the EU, reported in the Netherlands, is 91 t/ha.

 

the Pace of sugar exports from the EU has already reached 300 thousand tons per month.