Sugar in Ukraine is much more expensive than in Europe

The cost of sugar in Ukraine is 10-20% higher than in the European Union. This was reported by the Observer, writes agronews.ua. The main reason is the deficit that arose in the sugar market in 2021 due to a reduction in production by 34%. This is primarily due to poor yields and low sugar content of sugar beets. Svitlana Lytvyn, an analyst at the Ukrainian Club of Agrarian Business, told Ukrainian News about this. “This year, indeed, in some European countries, sugar prices are lower than in Ukraine, but not in all. If we take the countries where prices are traditionally lower in the European Union (Poland, Hungary), the sugar on supermarket shelves is 10-20% lower compared to Ukraine, ”said the expert. At the same time, there are countries in the European Union where sugar is sold many times more expensively than in our country. These include Luxembourg and Portugal (2-2.5 times more expensive). Prices are also directly affected by the tax system. For ...