Ukraine planning to supply to Russia 300 thousand tons of sugar on preferential terms

Ukraine is planning to export to Russia 300 thousand tons of sugar on preferential terms, Agriculture Minister Mykola Prysiazhniuk says.

"According to the intergovernmental agreement, after sugar beet is harvested and mutual balances are summed, Russia will consider the possibility of importing 300,000 tons of Ukrainian sugar produced from sugar beets without fee," he said.

Prysiazhniuk also expressed hope that "from this direction, we can break the blockade, and it will be a positive signal for the entire sugar industry."

According to forecasts of the Ministry of Agrarian Policy, in the current season Ukraine will produce more than 2 million tons of sugar, while the domestic market consumes 1.6 million tons of sugar a year.

source: blackseagrain.net