In Ukraine there is a significant decrease in selling prices for sugar, which are 26.5-27.5 UAH/kg, which is caused not so much by the growth of sugar reserves in the country, but by difficulties with exports, said the analytical cooperative “Pusk”, established within the framework of the All-Ukrainian Agrarian Rada (VAR).
“In August, Ukraine exported only 3-4,000 tons of sugar, which is critically low compared to the 100,000 tons exported two months ago. The Ukrainian sugar market is facing difficulties as we are now fully focused on domestic consumer demand,” analysts said.
Experts expect further increase in sugar stocks in Ukraine as domestic production will grow. Against the background of closed exports to Europe, Ukrainian producers need to look for new markets, they advise.
“In the new season, Europe will also increase sugar production, which will complicate the realization of Ukrainian products internationally. Objectively, by January 2025, Ukraine will have to either pay high export duties or wait for the zeroing of quotas,” Pusk stated and added that prices will be low in the new season.
