Ukraine is witnessing a gradual increase in sugar prices. Currently, the average level of conditional selling prices from the factory ranges from 24.60-25.30 UAH per a kilo, but further growth is expected.

This statement was reported by the analysts of the First Ukrainian Agricultural Cooperative (FUAC), created within the UAC.

According to the experts, the market is influenced by several key factors. Firstly, domestic demand is growing, and secondly, the European Union market has opened.

“Many plants are currently buying quotas for the European market. At the same time, Ukrainian producers had already adapted to external supplies even before the EU opened - we exported products to Turkey, Cameroon, Côte d'Ivoire, Indonesia, and Israel. Demand from these countries remains, and additional interest from Europe only increases price growth,” the FUAC said.

Pricing is also traditionally influenced by the seasonal trend. From the beginning of the year to mid-summer, there has been an increase in quotations.

“Seasonally, we see an increase in quotations from January to June-July. Given the current market factors, the notional prices may reach 27-28 UAH per a kilo including VAT,” the experts believe.

Thus, active exports and traditional seasonal factors create preconditions for further increase in the price of Ukrainian sugar.