Select Low production and high beginning stocks for MY2018/19, Ukraine

In Marketing Year (MY) 2017/18 Ukrainian sugar exports were lower than expected, resulting in an accumulation of significant ending stocks. MY2018/19 sugar production volume is forecasted 15 percent lower than in the previous MY because of lower sugar beet production volumes in 2018, as well as reduced sugar content in the sugar beets. Post also forecasts that the high volume of domestic stocks will result in a further decrease in sugar beet production area in MY2019/20, translating into even lo…