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Ukraine will export sugar under a quota and is negotiating its expansion, considering 500,000 tons to be the optimal figure.

Prices for a number of products in Ukraine have gone up. In June, sugar began to get more expensive. According to the Minfin portal, the average price for this popular product as of June 19 was 34.02 hryvnias per kilogram. In May, average prices reached 33.52 UAH/kg. Thus, prices increased by 1.55%. At Novus, granulated sugar can be purchased at an average price of 32.99 UAH/kg. At ATB, this product is sold for 32.90 UAH/kg. Meanwhile, at Silpo, prices start from 31.49 UAH/kg, but this is a discounted price. According to the portal, the price of July sugar futures on June 18 decreased by 1.6% and was 0.1582 dollars per pound, which is the minimum level in over four years - since April 14, 2021. It is noted that sugar has been actively getting cheaper since its peak in mid-March. This was facilitated by forecasts of increased sugar supplies from India and Thailand, which are among the largest producers and exporters of the product in the world. ...

Ukraine exports sugar to countries outside the EU, but the European Union remains its main market.