Ukraine: High sugar prices will provoke a record rise in prices for confectioners - experts

게시됨 2021년 7월 12일

Tridge 요약

The 2020 sugar beet harvest led to a raw material shortage and a surge in sugar prices, which has resulted in a significant increase in the cost of confectionery products by 15-20%. This has led to part of the industry operating with negative profitability, causing a shift towards imports of European sweets, with imports growing by 20% in 2021. The rise in sugar prices has also impacted bakery enterprises and soft drink producers, leading to losses. Producers are seeking a temporary ban on customs duties on imported sugar to stabilize the market.

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원본 콘텐츠

In 2020, the sugar beet harvest was not the best, and this year there is also a shortage of raw materials. Agrocenter tells about it in more detail. As a result, sugar prices soared to record levels. Confectioners suffer from high sugar prices because it makes up a significant portion of all products. As a result, prices for domestic confectionery products increased by as much as 15-20%. However, the rise in prices did not compensate for all the losses, so part of the industry operates with negative profitability. As a result, imports of European sweets are growing, in 2021 the figure increased by as much as 20%. Also, the bakery enterprises lost 200 million hryvnias due to the rise in sugar prices, and soft drink ...

출처: Agro-center