Ukraine: Sugar Annual

Marketing Year (MY) 2021/22 sugar production is forecast at around 1.4 million metric tons, a 23 percent increase compared to the MY2020/21 estimate. Local sugar producers are constantly sandwiched between a gradually shrinking domestic market, which represents the lion’s share of their consumers, and fluctuating world prices requiring accumulation of stocks. To stay afloat, sugar producers are working on increasing the quality of sugar produced, as well as putting more effort into diversification and cost-cutting.