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42 Ukrainian plants produced 1.4m tonnes of sugar by Nov 15

42 Ukrainian plants produced 1.4m tonnes of sugar by Nov 15Sugar production in Ukraine as of November 15, 2016, was 1.4 million tonnes.

According to the Ukrtsukor National Association of Sugar Producers, on that date the country had processed nearly 9.3 million tonnes of sugar beets.

Now 42 plants are engaged in processing. Daily 20,600 tonnes of sugar is produced.

"Compared to last year, the rise in sugar wholesale prices in the current year is much lower than in the past year, although the cost of production has increased," head of the analytical department Ruslan Butylo said.

According to the association, average wholesale sugar prices in September ranged UAH 12.5-13.6 per kg, in October some UAH 12.8-14.1 per kg. The average growth was 2.6%.

Read also: In Sept, Ukraine broke 5-year monthly sugar exports record

The price of bulk sugar rose by an average of 5.4% over the month, that of packed sugar by 1.1%. Among the main reasons are the rise in energy prices and the devaluation of the national currency.

As reported, with reference to data from Ukrtsukor, Ukraine in the 2015/2016 marketing year (MY, September-August) exported 113,000 tonnes of sugar, which is 3% higher than a year earlier. Production of sugar in the 2015/2016 MY decreased by 31%, to 1.43 million tonnes compared with the previous season.
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