Thursday, July 26, 2012

Ukraine becomes sugar exporting country

Sugar: Ukraine is too important exporting country in

Kiev (news) - Exports of sugar in Ukraine climbed between September 2011 and June 2012 on a 10-year high. Overall, the country exported 117 900 tonnes of sugar announced as the Ukrainian Agribusiness Club (UAC). The Ukraine is competitive, according to the UAC with its sugar production on the world market, because the climate favorable for the cultivation of sugar beets. Large companies would already make investments to reduce the sugar and sugar beet production further.
The price of sugar was in Ukraine last at 625 U.S. dollars per ton. The international price is more expensive at 650 dollars, which means sugar exports from Ukraine are attractive. The sugar industry in Ukraine is growing rapidly. According sugar online 2010 were still 1.54 million tons of sugar produced. 2011 there were 2.33 million tons of sugar. The annual sugar consumption in Ukraine is at 1.86 million tonnes. This results in an export potential yields of 470,000 tons.

sugar: Südzucker with an optimistic outlook

Industry - sugar: Südzucker with an optimistic outlook

An employee of the sugar factory Südzucker runs on a mountainside along beet. - High sugar prices and positive developments in the other divisions provide an optimistic outlook for Südzucker. "At the corporate level, we continue to expect higher sales in all segments," said Chief Executive Wolfgang army at the Annual Meeting in Mannheim.

After winning jumps in the last financial year (late February) and in the first quarter of the current (late May) is to increase sales to more than seven billion euros - the operating profit to more than 800 million euros.

As the European market will be covered by the quota system of the EU to 85 percent of domestic production and imports by 15 percent, not the sugar price fluctuations on the world market, subject to such an extent, said a spokesman Südzucker. Nevertheless, let the price hard to predict. In recent months the world market price had fallen sharply at first, before he had in the past few days again significantly.