Ukraine: Sugar factories are forced to reduce product prices this season

This was discussed during the analytical briefing of the agricultural cooperative PUSK, created within the borders of the VAR. "Ukrainian sugar mostly remains on the domestic market due to limited exports. Attempts to supply products to Turkey, Macedonia and other countries do not allow to significantly unload stocks. Due to trade restrictions with the EU, which will last until 2025, Ukraine is facing difficulties in exporting sugar," the analysts note. And they add that this trend is likely to continue in the coming months. "Some factories in Ukraine have already started to reduce prices from the previous 21.50-22 hryvnias/kg to 21 hryvnias/kg. It is predicted that in September-October prices may drop to UAH 18-19/kg due to oversaturation of the domestic market," experts say. At the same time, the global sugar market shows a significant increase in prices due to a number of factors. ...