In Ukraine, there is a significant decrease in selling prices for sugar, which amount to UAH 26.5-27.5/kg, which is caused not so much by the growth of sugar reserves in the country, as by difficulties with exports, the analytical cooperative “Pusk”, created within the framework of the All-Ukrainian Agrarian Council (VAR).
“In August, Ukraine exported only 3-4 thousand tons of sugar, which is critically low compared to the 100 thousand tons exported two months ago. The Ukrainian sugar market is facing difficulties, because now we are completely focused on domestic consumer demand”, – noted analysts
Experts expect a further increase in sugar reserves in Ukraine, as domestic production will increase. Against the background of closed exports to Europe, Ukrainian manufacturers need to look for new sales markets, they advise.
“In the new season, Europe will also increase sugar production, which will complicate the sale of Ukrainian products at the international level. Objectively, by January 2025, Ukraine will either have to pay high export duties or wait for quotas to be zeroed out,” Pusku stated, adding that prices will be low in the new season.
