Increase in prices for flour confectionery products is forecasted in Ukraine

Published 2020년 11월 9일

Tridge summary

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.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In November-December 2020 in Ukraine, the rise in prices for flour confectionery products may vary in the range of 8-10%. This opinion was expressed by the president of the association "Ukrkondprom" Oleksandr Baldynyuk, writes the press service of the union "Mill of Ukraine". He also added that national confectionery manufacturers have already suffered additional losses in the amount of approximately UAH 40 million over the past month. It is noted that due to the growth in the cost of raw materials, manufacturers will have no other choice but to increase prices for their ...

Source: Apk-inform