Ukraine: Sugar Annual
Sugar beet and sugar production in Ukraine is expected to decrease in marketing year 2015/16 in response to the current economic situation in the country. Stabilization of the market is expected in 2016/17. Over the past several seasons, the country observed sugar production above domestic demand, which resulted in large carry-over stocks. That translated into a growth in exports for 2014/15, which was triggered by abrupt devaluation of the local currency. Domestic sugar consumption is expected to decrease slightly. Sugar export volumes will largely be driven by the EU tariff rate quota.
