Ukraine: Sugar Annual
Sugar beet and sugar production in Ukraine in marketing year 2015/16 is expected to decrease by 28 and 33 percent respectively, responding to the current market issues and the economic situation. In the past several seasons, Ukraine observed sugar production above domestic demand which resulted in large carry-over stocks as well as intensification of exports. These factors led to low domestic sugar prices which have negatively affected the profitability of the industry - a sharp decline in profits from 37 percent in 2011 to three percent in 2014.
