Sugar produced by Ukrainian producers is in high demand on the European market

Published 2023년 8월 8일

Tridge summary

Ukrainian sugar producers have capitalized on the high demand for sugar in the European market due to price differences compared to neighboring countries. Ukrainian sugar is in high demand in the European Union, where domestic wholesale prices are lower. However, there is uncertainty about how long this price difference will last, and the price of Ukrainian sugar may increase in the future.

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

Original content

According to the free trade zone with the EU, it is possible to export 20 thousand tons of sugar per year. The quota was completely closed in 2-3 months. Domestic sugar producers shipped other volumes through the Black Sea and Odesa ports and delivered them to Turkey, Azerbaijan, and other Asian and African countries. Currently, our sugar buyers are only the countries of the European Union. Oleksandr Korotynskyi, director of the Sugar Beet Production Center, a member of the A&C Committee at the Chamber of Commerce and Industry of Ukraine, told about this in an article for The Ukrainian Farmer magazine. Follow the news in a convenient format: Follow us on Twitter In neighboring European countries, domestic wholesale prices for a ton of sugar are 800-850 EUR/t, and in export-dependent countries (Italy, Spain, Portugal, Greece, Bulgaria) - 1000 EUR. This is precisely why Ukrainian sugar is in high demand on the European market. The average cost of the cheapest packaged sugar in ...

Source: Landlord