Ukrainian sugar is beginning to conquer markets outside of Europe

Published 2024년 11월 20일

Tridge summary

Ukrainian sugar prices have increased by 1-1.5 UAH/kg due to stabilized domestic demand and the recovery of exports, with the current price range being UAH 23-24.50/kg. The main export markets are Turkey and African countries, with expectations for partial market opening in Europe in 2025. Experts predict a significant price increase in the second half of the season, potentially reaching levels seen in the previous season. The global sugar market, particularly issues in Brazil, could also impact local prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is reported by analysts of the agricultural cooperative PUSK, established within the borders of the Var. It is noted that the price of sugar increased by an average of 1-1.5 UAH/kg during the week. Currently, the price of sugar varies between UAH 23-24.50/kg. The main reasons for this rise are the stabilization of domestic demand and the beginning of the recovery of exports. Experts note that Ukrainian sugar producers are gradually returning to foreign markets. Turkey and African countries remain the main destinations. Ukrainian sugar is beginning to conquer markets outside of Europe, analysts note positive dynamics. "According to expectations, the situation should have been worse without exports to Europe. But currently the export scheme through third countries is working, and it is producing results. "Ukraine is gradually exporting sugar to foreign markets, which supports the position," analysts note. Starting in 2025, a partial opening of the European market for Ukrainian ...

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