According to the Interfax-Ukraine news agency, Nazar Mykhailovyn, acting chair of the board of the National Association of Sugar Producers of Ukraine, has issued a warning about the dire threat facing the Ukrainian sugar industry. This threat stems from the EU’s consideration of imposing restrictions on sugar exports from Ukraine. Mykhailovyn emphasized that such restrictions could result in the closure of sugar factories.
As per media report, the European Commission’s proposal, tabled on Jan. 31, seeks to maintain suspended import duties on Ukrainian exports to the EU until June 2025. However, certain products deemed “most sensitive,” including Ukrainian sugar, poultry, and eggs, could face restrictions, capped at levels from 2022 and 2023.
Mykhailovyn expressed serious concerns regarding the potential consequences of these restrictions. He warned that measures such as restrictions, licensing, and bans could lead to overproduction in the current season and ultimately result in factory closures. This, in turn, would have a significant negative impact on Ukraine’s sugar industry.
