Markets

Ukraine says 2017/18 sugar season nears end, 2.1mn T produced

Published January 16, 2018 Updated January 16, 2018 01:27pm

It said 46 sugar refineries had processed 13.7 million tonnes of sugar beet so far this season out of the 13.8 million tonnes that have been harvested.

Ukraine consumes about 1.5 million tonnes of sugar a year and produced 2 million tonnes of white sugar from beet in 2016.

The country produced about 5 million tonnes of white beet sugar a year during Soviet times but has cut production sharply due to a lack of export markets in the face of competition from cheaper cane sugar.

 

Copyright Reuters, 2018