In 2022, sugar prices may rise by more than 20% due to rising gas prices, as well as rising product prices on world markets. This was reported by Ukragroconsult, writes agronews.ua. In the previous year, the price of sugar increased from UAH 13.1 per kilogram to UAH 25.4. The State Statistics Committee acknowledged that in January-October 2021 the increase was 65.6%.
Original content
The head of the Forex Club analytics department Andriy Shevchyshyn is convinced that the cost of the sweet product will increase for consumers and significantly, as sugar factories need gas-coal for sugar production. "Therefore, rising sugar prices will support not only the global price trend, but also peak energy price levels," said the expert. Ukraine is both an exporter and an importer of sugar. Therefore, the prices on our shelves depend directly on the situation on world markets. According to Bloomberg, prices went up in August. Then, due to unexpected frosts in Brazil, it became clear that there would be problems with the production and supply of raw materials. Experts predict that the price of sugar in 2022 will continue to rise. There are two reasons: high world prices and rising production costs. The energy component can reach 60-70% of the cost. In addition, in 2022, prices for mineral fertilizers, rolled metal and construction materials are expected to rise. It also ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.