Ukraine: Sugar Annual
24th May 2024
MY2024/25 sugar production is forecast at 1.8 MMT, similar to FAS/Kyiv’s previous MY estimate.
Sugar beet production area will remain steady across MY2023/24 and MY2024/25, which could be an indicator that the sugar industry is adjusting to a “new normal.” Sugar exports are growing, fueled by a combination of decreased domestic consumption, increasing prices on foreign markets, and large domestic stocks. The European Union (EU) became the major market
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