The introduction of restrictions against Ukrainian sugar will cause even more price increases in Europe

Published 2024년 1월 28일

Tridge summary

Ukraine's Minister of Agrarian Policy and Food, Mykola Solsky, predicts a rise in European sugar prices due to restrictions against Ukrainian sugar. This will significantly affect countries that do not produce their own sugar. The European Commission is contemplating trade measures against Ukraine, following calls from Bulgaria, Poland, Romania, Slovakia, and Hungary for import duties on Ukrainian grain, citing unfair competition. However, a proposal to reintroduce tariff quotas for agricultural products was turned down.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of sugar in Europe is twice as high as before the full-scale war in Ukraine. Therefore, the introduction of restrictions against Ukrainian sugar by European countries will cause its price to rise even more. The Minister of Agrarian Policy and Food of Ukraine, Mykola Solsky, told about this in an interview with telethon journalists. This will especially be felt by countries that do not produce sugar, but buy it. In addition, the largest supplier of sugar to Europe is Brazil, not Ukraine. It will be recalled that the European Commission is planning trade measures regarding Ukraine after Bulgaria, Poland, Romania, Slovakia and Hungary in a joint letter to the EC demanded the introduction of import duties on Ukrainian grain due to alleged unfair competition. The ministers of agriculture of Bulgaria, Poland, Romania, Slovakia and Hungary submitted a joint letter to the European Commission, in which they expressed a demand for the introduction of import duties on Ukrainian ...
Source: Landlord

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