In Ukraine, by the end of the year, prices for flour confectionery are expected to rise

Published 2020년 11월 12일

Tridge summary

The Ukrainian confectionery sector is facing a significant challenge due to a surge in raw material prices, specifically flour. This issue is expected to reduce domestic consumption by 15 thousand tons and lead to around 1,000 job losses by the end of the year. National producers have already suffered a setback of approximately UAH 40 million in the last month. In response, producers will have to increase prices, which could jeopardize their competitive edge in international markets and slow down the growth rate of exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"Rising prices will cause a decrease in domestic consumption by 15 thousand tons by the end of the year and the loss of about 1,000 jobs. At the same time, the most painful price pressure is primarily experienced by the so-called "social confectioner": biscuits, long and sugar cookies, crackers, because flour has a large share in the cost of these products, "- said Baldynyuk. He also added that national confectionery producers have already suffered additional losses of approximately UAH 40 million over the last month. It is noted that due to the rising cost of raw materials, producers will have no choice but to ...
Source: АгроЮг

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