Sugar beet and sugar production in Ukraine in marketing year 2014/15 is expected to increase by 13 and 20 percent, respectively, to satisfy domestic sugar consumption. In the past several seasons the country observed sugar production beyond domestic demand that resulted in large carry-over stocks while exports were weaker than desired. These factors led to low domestic sugar prices that all together have negatively affected the profitability of the industry that dropped from 37 percent in 2011 to three percent in 2013.
