Sugar production in Ukraine is will continue declining
2013-06-20 14:55:52
According to the information released by the National Association of sugar producers “Ukrzukor” (Ukrainian sugar), only 47 sugar plants will be processing sugar during 2013/2014 marketing year compared to 63 sugar plants during 2012/2013 marketing year. Main reason mentioned in the statement was lack of sugar beet to process due to lower harvest levels. Last year number of plants also declined compared to 2010/2011 season, which was measured at 77 entities.
UkrAgroConsult comment: Lower harvest levels have resulted from lower demand for sugar and declining sugar prices as the result. Kernel was the first company in 2012 that announced sale of its sugar production assets. The trend will continue in case prices remain low and declining.