There is a stable sugar surplus in Ukraine, which will grow in the coming season. This was stated by the General Director of Ukrprominvest-Agro Roman Ogorodov, the company’s press service reports.
According to some estimates, next year the area under sugar beets in Ukraine will increase by 10-20%, and sugar production will increase to 2 million tons per year. Currently, Ukraine already produces about 1.8 million tons of sugar annually, while its domestic consumption is about 900 thousand tons,” he noted.
At the same time, despite the fact that due to the high price of sugar and the increasing attractiveness of this direction for agricultural producers in the EU, an increase in the area under sugar beets is predicted, a sugar deficit in the region will still remain.
“Ukraine is actively exporting sugar to the EU and this will continue next season to cover the deficit in the markets of some European Union countries. In addition, Ukrainian sugar is also of interest to the world market, where, according to experts, the deficit balance of this product will increase. Therefore, even taking into account all the logistics and other difficulties caused by the war, the profitability of sugar production in Ukraine will have positive dynamics,” noted R. Ogorodov.