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REPORT

USDA Sugar Reports

Ukraine: Sugar Annual

By USDA

31st May 2022

Marketing Year (MY) 2022/23 sugar production is forecast at 1.1 million metric tons (MMT), a 23 percent decrease compared to the previous MY estimate.

Local sugar producers are constantly sandwiched between a gradually shrinking domestic market, which represents the lion’s share of their consumers, and fluctuating world prices requiring accumulation of stocks. Armed conflict with Russia puts local sugar producers under even more strain in terms of ensuring production and exports.

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