Tridge summary
Sugar prices in Ukraine are experiencing an increase, with a average rise of 1-1.5 UAH/kg, reaching 23-24.5 UAH/kg per kilogram. This is attributed to the recovery of exports and stabilization of domestic demand, with Turkey and African countries being the main export destinations. The resumption of Ukrainian sugar supplies to the EU market from January 1, 2025, is expected to further drive prices up, potentially reaching previous season highs of UAH 29-32,000/t (including VAT) in the second half of the current season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Sugar prices have begun to rise in Ukraine, which may accelerate at the beginning of 2025, according to analysts of the PUSK agricultural cooperative, established within the All-Ukrainian Agrarian Council. According to experts, during the week the prices rose on average by 1-1.5 UAH/kg to 23-24.5 UAH/kg thanks to the recovery of exports and stabilization of domestic demand. Turkey and African countries remain the main destinations of export sales. The lack of supplies to Europe complicates the situation, but the scheme of exporting through third countries gives results. From January 1, 2025, supplies of Ukrainian sugar to the ...
Source: Graintrade
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