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Agriculture Ministry expects 65 sugar plants to operate this season

Agriculture Ministry expects 65 sugar plants to operate this season

21 August 2008

According to Ivan Demchak, Ukraine’s deputy minister of agriculture, 65 sugar mills will operate during the 2008/2009 season, compared to 108 last year. Olha Pankiv: The reduction in the number of sugar mills in operation is related to a 38% decline in land area planted with sugar beets this year. We expect Dakor (DAKOR: BUY) and Astarta (AST PW: BUY), which increased their land for sugar beet harvesting and are close to self-sufficiency in this key input this year to increase their market shares.

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