The sugar market in Ukraine is stable, but with the opening of the European Union market in 2025, it creates new prospects for Ukrainian producers.
This was reported by analysts of the First Ukrainian Agricultural Cooperative (FUAC), created within the UAC.
Since January 1, 2025, Ukrainian producers have gained access to the EU market thanks to new agreements on trade liberalization. This step opened up the possibility for Ukraine to export larger volumes of sugar to the European market without additional duties, which previously hindered the growth of supplies.
“The opening of the EU market is an important event for our industry. Now we are just starting to sign contracts for exports to Europe, but in February-March we expect a significant revival in this area. In January, we actively exported sugar to Turkey and African countries, but the European market is gradually becoming a priority,” was mentioned by the analytical department of the FUAC.
Currently, selling prices for sugar in Ukraine are 23-24.5 thousand UAH/t. Analysts noted that this level was relatively stable, but seasonal factors and export expansion might lead to a gradual increase in prices in the near future.
“January-May is usually a period of seasonal growth in sugar prices. Probably, the current price level is one of the lowest, and the price will continue to grow. The opening of the European market will also contribute to this dynamic,” the FUAC added.
It is expected that in the coming months the share of European supplies in the export structure will increase, which, in turn, will have a positive impact on the Ukrainian economy.
Thursday, 23 January 2025