Ukraine: Sugar Annual

  |   Attaché Report (GAIN)   |   UP2024-0010

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Office of Agricultural Affairs, Kyiv   |   (011-380-44) 521-5496

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Ukraine: Sugar Annual
MY2024/25 sugar production is forecast at 1.8 MMT, similar to FAS/Kyiv's previous MY estimate. Sugar beet production area will remain steady across MY2023/24 and MY2024/25, which could be an indicator that the sugar industry is adjusting to a “new normal.” Sugar exports are growing, fueled by a combination of decreased domestic consumption, increasing prices on foreign markets, and large domestic stocks. The European Union (EU) became the major market for Ukrainian sugar in MY2022/23 and is expected to remain in this role in MY2023/24. The EU extended its suspension of import duties and quotas on Ukrainian exports until June 2025, while introducing an emergency brake mechanism for several sensitive products, including sugar.
Europe and Eurasia, Ukraine
Sugar

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