News
14.01.2010
Sugar Output Decreased in Ukraine in 2009
January 13, 2010. In 2009, sugar output decreased by 19%, y/y to 1.27mnt, which is 33% below an average domestic consumption level (1.9mnt).
Millennium Capital sees the decrease in the sugar output to be one of the main drivers of the domestic sugar price growth in 2009 (up 200%, y/y), while the domestic consumption remained flat. Millennium Capital expects no decrease in the domestic sugar price until at least late 2010, since the world sugar price keeps growing (235%, y/y in 2009) due to the expected world sugar deficit.
OREANDA-NEWS
