Increase in prices for flour confectionery products is forecasted in Ukraine

The article highlights a significant issue faced by Ukraine's confectionery sector, as reported by Oleksandr Baldynyuk, the president of the association "Ukrkondprom". It explains that due to a surge in the cost of raw materials, manufacturers are confronted with the necessity to increase prices for their products by 8-10% for the November-December period. This move is expected to mitigate the recent losses, amounting to around UAH 40 million, but may challenge the competitive edge of Ukrainian confectionery in international markets. The price hike could also slow down the growth rate of exports, indicating a challenging period ahead for the sector.