Ukraine expects record high sugar exports this year
According to the statement, the exports will rise due to a good beet harvest of 13 million tons, high carry-over stocks and a projected strong demand on the Ukrainian sweetener on the global market.
Ukraine's refiners are expected to produce about 2 million tons of sugar in the 2016-2017 marketing year, while the country's carry-over stocks are estimated to stand at 300,000 tons at the start of the new marketing season in September.
In 2016, Georgia, Israel, Azerbaijan and China's Hong Kong will be the main exports destinations for the sweetener from Ukraine.
Last year, Ukraine's shipments of sugar overseas rose 94.8 percent year-on-year to 114,818 tons, while the exports in January through July of 2016 have reached 88,800 tons. ■