This year Ukraine had a very good harvest of sugar beets, so the level of sugar production has increased significantly. Such indicators make it possible to increase the supply of sugar abroad. Sugar export in uk from ukraine will occur as usual. This statement was announced by the acting chairman of the board of the National Association of Sugar Producers of Ukraine. In our article we will talk in more detail on this topic in order to reveal all the government’s plans that relate to the export of sugar.
EXPORTING SUGAR FROM UKRAINE: WHAT YOU NEED TO KNOW
Favorable weather conditions this season had a positive impact on the harvest. This season’s harvest exceeded all expectations that were predicted. Thanks to such indicators, sugar production in the country fully covers the needs of the domestic market. This led to the opportunity to export granulated sugar to other countries. The export potential is six hundred thousand tons.
Thirty sugar factories will be involved in sugar processing this year. If we take last year into account, it can be noted that the number of sugar processing plants has increased sevenfold. Despite the fact that granulated sugar will be exported, the country’s government has banned this until September fifteenth.
It is worth noting that a ban on the supply of granulated sugar from Ukraine may affect not only the financial condition of the country, but also the financial condition of other countries. Experts believe that a ban on the export of granulated sugar from Ukraine could lead to higher prices, which is also a disadvantage in the Ukraine. This is due to the fact that Ukraine is the main supplier of sugar to Romania. Of course, there are third-party suppliers, but they cannot produce sugar in such a society, which leads to shortages. Even Necessity discusses this point, emphasizing that if Ukraine does not resume supplies, nothing will change on store shelves. The sugar that remains on the shelves will be very expensive. But the increase in production has increased, and the Worlds, like other countries, have nothing to worry about.