Ukrainian sugar is in quite high demand on the European market

Published 2023년 8월 2일

Tridge summary

Ukraine has been able to export 20,000 tons of sugar per year to the EU, but the quota was quickly filled within 2-3 months. The remaining domestic sugar was shipped through alternate ports and delivered to countries such as Turkey, Azerbaijan, and other Asian and African nations. Currently, the main buyers of Ukrainian sugar are countries within the European Union due to the high demand and lower prices compared to neighboring European countries dependent on exports.

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Original content

According to the free trade zone, it is possible to export 20 thousand tons of sugar per year from the EU. The quota was completely closed in 2-3 months. Other volumes of domestic sugar were shipped through the Black Sea and Odesa ports and delivered to Turkey, Azerbaijan, 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, reported this in an article for The Ukrainian Farmer magazine. According to him, in neighboring European countries, domestic wholesale prices per ton of sugar are 800-850 euros/t, and in countries dependent on exports (Italy, Spain, Portugal, Greece, Bulgaria) - 1,000 euros. That is precisely why Ukrainian sugar is in rather high demand on the European market. "The average cost of the cheapest packaged sugar in European supermarkets is UAH 52, and in ...

Source: Agrotimes