Head of the analytical service Sucden Maryna Sidak said this during the conference on trade and export of sugar, an Ukrinform correspondent reported.
"Ukraine in the 2018/2019 marketing year (MY, September through August) could reduce sugar output by 5.5% and boost its exports by 13%, according to the National Sugar Producers Association Ukrtsukor. In the 2018/2019 season, Ukraine and Russia will see a decrease in sugar production – by 5.5% and 11%, respectively, but Belarus is expected to see growth by 13%. At the same time, sugar exports from Ukraine and Russia will increase by 13% and 7%, respectively, while Belarus will see a slight decrease – by 5%. In addition, tough competition for the sales markets will continue," she explained.
According to her, due to the negative demographic situation in Ukraine, there will be a decrease in domestic consumption.
In the previous season, in the CIS market Ukraine became the main supplier of sugar to Turkmenistan.
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