Export of sugar in Sep-Feb decreased 45%

From the beginning of 2017/18 (September-February), Ukraine exported 290 thou. tons of sugar compared to 523 thou. tons over the corresponding period in 2016/17, ShareUaPotential writes.

It is noted that the primary reason for the decline in exports is a low world price for sugar, which is 35% less than last year's level.

At the same time, if world prices preserve the declining tendency in the near future, the export of sugar by the end of the season may result in 350-400 thou. tons.

Reference: premium for the 1st category sugar does not cover the cost of its production.

Note: Ukrainian sugar market in 2017 was dominated by 10 companies.