Ukraine exported more than half a million tonnes of sugar in 2018
According to the results of 2018, Ukraine exported 586,5 thousand tonnes of sugar in the amount of $217,09 million — 2% less than in 2017.
«Compared to last year, sugar export volumes did not change much, but export destinations changed. Last year Sri Lanka (69,03 ths t) was the largest importer of Ukrainian sugar, but this year Uzbekistan (285,3 ths t) took the lead. Azerbaijan and Libya closed the top three leaders — 44,7 and 43,8 thousand tonnes, respectively», — commented Ruslana Butylo, the deputy chairman of «Ukrsugar» Association.
In addition, 59,0 thousand tonnes of sugar were exported for December. Thus, in four months of the current marketing year, 198,9 thousand tonnes of sugar have already been delivered to foreign markets which is 14,3% more than in the same period of last year.
«Taking into account market situation and global surplus, despite the decline in forecasts for Indian sugar production, Ukrainian producers will have to continue their work on improving product quality and establishing long-term contracts. How to do it better and what mechanisms to attract will be discussed at Sugar World 2019 International Congress», — summed up the expert.
Recall that in 2017/2018, MY Ukraine exported 560 thousand tonnes of sugar.