Monday, August 7, 2017

Ukraine boosts sugar exports six fold



"Although the current marketing year has not ended yet, domestic sugar producers have already increased deliveries to the foreign markets almost sixfold, up to 751,000 tons, compared to the previous marketing year (132,200 tons in 2015/2016 MY). This is a big victory for producers which managed to enter completely new and unfamiliar markets and sell their products around the world," commented Ruslana Butilo, the head of the Association’s analytical department.

As noted, Ukrainian sugar has entered the markets of Africa and Asia this marketing year. In particular, Ukraine has started to supply sugar to the markets of Sri Lanka, Libya, Myanmar, Cote d'Ivoire, Turkey, Somalia, Guinea and Togo.

This is great new for my holdings in Astarta. This Ukrainian company, which trades on the Warsaw exchange, has a huge sugar beet operation. Sugar is one of the worst things you can put into your body but it is a great export crop for Ukraine.

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