It is stated in the article "Will farmers sow beets in 2024? And what will happen to sugar prices? Insights from the meeting of "UKRPROMINVEST-AGRO" with farmers" on Latifundist.com.

"Sugar consumption in the world is growing steadily every year. If in 2014-2015 world consumption was at the level of 176 million tonnes, then in 2022-2023 these figures have already increased to 193 million tonnes of sugar. At the same time, if during the last 7-10 years there has been a deficit of production relative to consumption, today a balance between these indicators is emerging," Roman Ogorodov, CEO of UKRPROMINVEST-AGRO group of companies, said at the meeting of the business club of the partner program "Sugar beet - a smart choice!".

Based on the latest forecasts of global traders, experts of "UKRPROMINVEST-AGRO" next year expect a slight decrease in the level of world sugar prices — in the range of $480-500 per tonn of finished products. That is, the income from 1 hectare of land on which sugar beets will be grown, according to the company's estimates, will reach $680-700.

"That is, compared to other traditional agricultural crops, sugar beet will once again remain in the leading positions in terms of profitability," the company adds.