Agrarika: sugar reserves total 0.82 mn MT
05.07.2006 11:25 "Agro Perspectiva" (Kyiv) —
As to Agrarika Ltd experts, Ukrainian domestic market current sugar reserves are 0.82 mn MT.
«It is to be admitted, this figure includes sugar volumes owned by population as well as other final consumers. Thus, sugar market commercial offer is down against this figure,» said Bogdan Tymkiv, Agrarika Ltd expert.
Agrarika Ltd experts admit internal market current sugar reserves are up 200,000 MT against last MS similar.
As to experts, this MS Ukrainian sugar trade is slack and doesn’t significantly influence prices dynamics (except cases when sugar is imported as cocoa mix).
As earlier reported, Association Ukrtsukor estimated end May internal market sugar reserves 0.8 mn MT.
Association Ukrtsukor forecasted this year beet sugar output 27.3% rise, to 2.6 mn MT (up against 1.89 mn MT in 2005) due to expected 2006 beet production growth to 2021 mn MT (up against 15.5 MT in 2005).
Experts estimate domestic sugar market annual capacity 22.2 million tons.