Page 57 - UKRRptFeb20

Facing a world sugar glut and weak prices, Ukraine’s sugar refiners cut their production by 19% during the recently completed milling season. This follows a 15% drop last year. Sugar prices are 14 US cents a pound, well below the average of the last decade. With the acreage planted in sugar beets down by 20%, nine refineries never opened their doors this fall, down from 42 last year. This year’s production was 1.5mn tons, reports Ukrtsukor, the sugar producer association. Top three producing regions are: Vinnytsia - 331,900 tons; Khmelnytskyi -192,800 tons; and Ternopil -186,400 tons.
9.1.7​ TMT sector news
57​ UKRAINE Country Report​ February 2020 ​ ​www.intellinews.com
Ukraine’s advertising industry grew by 25% in 2019 ​and, more encouragingly, its expansion will continue in 2020 at a rate of 18%, according