Ukrainian Sugar Producers Exhaust Annual Quota for Deliveries to EU
In less than 5 months, Ukrainian sugar producers have already exhausted the annual quota for sugar deliveries to the EU. Ukrtsukor proposes to stop exports to the EU until 2025. Ukrainian authorities introduce a zero quota for sugar exports to Europe from June 1, although other markets are open for exports.
Ukrainian export potential is approximately 1 million tons now. So it is necessary to look for new buyers, especially since farmers have significantly increased the area of ​​sugar beet sowing.
In the current year, Ukraine delivered 283,000 tons of sugar to the EU against a quota of 262,000 tons. As a result of exceeding the quota, the National Association of Sugar Producers of Ukraine called on the Cabinet of Ministers to set a zero quota for 2024. The country fulfilled its obligations under the trade agreement with the EU.
We should remind, that Ukraine did not enter the European sugar market very well. The uncoordinated work of various companies led to a collapse of prices, which caused dissatisfaction on the part of European producers. They turned to the European Commission with a request to regulate the market. Therefore, domestic sugar producers are currently forced to comply with EU requirements, while at the same time dreaming that the quota will be set at least at the level of 350-450 thousand tons by 2025.
Ukrainian export potential is approximately 1 million tons now. So it is necessary to look for new buyers, especially since farmers have significantly increased the area of ​​sugar beet sowing.
In the current year, Ukraine delivered 283,000 tons of sugar to the EU against a quota of 262,000 tons. As a result of exceeding the quota, the National Association of Sugar Producers of Ukraine called on the Cabinet of Ministers to set a zero quota for 2024. The country fulfilled its obligations under the trade agreement with the EU.
We should remind, that Ukraine did not enter the European sugar market very well. The uncoordinated work of various companies led to a collapse of prices, which caused dissatisfaction on the part of European producers. They turned to the European Commission with a request to regulate the market. Therefore, domestic sugar producers are currently forced to comply with EU requirements, while at the same time dreaming that the quota will be set at least at the level of 350-450 thousand tons by 2025.
