“Producers report that the current wholesale price for sugar has fallen below cost. If in August the average group price was UAH 22.99/kg, now it has decreased to UAH 20/kg. For comparison, in November last year, sugar cost UAH 23.63/kg. Agronews.ua notes this. “In August, the average group price was 22.99 hryvnias per kilogram, but now she asked”, — write on: ua.news
Producers report that the current wholesale price for sugar has fallen below cost. If in August the average group price was UAH 22.99/kgthen now it has decreased to UAH 20/kg.
For comparison, in November last year, sugar was expensive UAH 23.63/kg.
Agronews.ua notes this.
“In August, the average wholesale price was 22.99 hryvnias per kilogram, but now it was asking up to 20 hryvnias. For comparison, in November of last year, sugar cost 23.63 hryvnias per kilogram,” the publication says.
“We expect that the market will adjust, because the current price is lower than the cost price,” Yana Kavushevska, head of the National Association of Sugar Producers of Ukraine “Ukrtsukor”, is quoted as saying by the site.
“It is because of this that the two enterprises decided not to start the sugar-making season this year at all. They calculated the cost price taking into account the increase in the price of gas and other factors and realized that the production will be unprofitable,” the publication says.
Sugar in Ukraine has become cheaper for the third year in a row, the site notes.
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