Ukraine is expanding its reach in the sugar market as rising production spurs the country to export the most sweetener in two decades.
Shipments will probably reach about 500,000 metric tons in the 2016-17 season as output exceeds domestic demand, said Mykola Kovalski, chief strategy officer of Astarta Holding N.V., the nation’s top producer, which processes beets into sugar. That would be the most since 1997-98, U.S. Department of Agriculture data show.
