Ukraine exported 117,900 tons of sugar over September 2011 - June 2012. This is the largest export amount for the country in the last ten years, informs Ukrainian Agribusiness Club (UAC).
“Ukraine is capable of producing sugar that would be competitive to the global market. The country has favorable climate for growing sugar beet and leading companies which invest in increasing sugar and sugar beet production,” said Taras Vysotskyi, UAC expert.
Sugar prices stimulate sugar export – since domestic price for sugar in Ukraine is USD 625 per ton, and international – USD 650. In part, export increase is the result of the development of the sugar beet industry in the country over the last couple of years, suggested Vysotskyi.
