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After a prolonged decline in global sugar prices, all signs suggest that sugar prices could begin rising in both Ukraine and the EU this year. NV Business examines how much more expensive sugar—and, consequently, confectionery products—could become.
Raw Material Supply Shrinks, Exports Decline
After several years of relative oversupply, Ukraine’s sugar market may be entering a period of gradual price growth. The reasons extend beyond global market trends. The key driver is the domestic situation: sugar producers have significantly reduced the area planted with sugar beet, while adverse weather conditions have created additional challenges for the industry.