Experts explained whether there will be a shortage of sugar in Ukraine

07 October 2022, 11:07 | Economy
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Due to the military aggression of the Russian Federation and hostilities in Ukraine, food prices have increased. According to the forecast of farmers, a shortage of salt and sugar is not expected in Ukraine next year. Ukrainian sugar factories will be able to produce 1 million 100-150 thousand tons of sugar.

This is enough to provide the population with sugar. This was announced by the Deputy Director of the Institute of Agrarian Economics Nikolai Pugachev on the air of the nationwide marathon on "

According to Pugachev, Ukrainian farmers have sown 180,000 hectares of sugar beets this year..

\? from what it was in 2021. According to the forecasts of the Institute of Agrarian Economics, about 7.5-7.8 million tons of sugar beets will be harvested.. From it, our sugar factories will be able to produce 1 million 100-150 thousand tons of sugar. This sugar will be enough to provide for the Ukrainian population,” he explained..

The expert stressed that in 2021, sugar consumption in Ukraine amounted to a little more than one million tons of sugar..

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“That is, more will be produced than consumed last year, plus there are transitional reserves in excess of 300,000 tons,” he said..

Pugachev added that sugar is also enough for the alcohol industry. However, the price of this product may increase by 10-12%.



“In Ukraine, sugar in terms of price growth became a record holder in 2021 - the price increased by 61.5%. Attached to this are the problems caused by the war. These are problems with logistics costs, rising energy and fuel prices.. In the cost of sugar production, it is energy and fuel that make up 60-70%,” the specialist explained..

In his opinion, sugar prices in Ukraine will continue to grow.

“But we predict, subject to macroeconomic stability, an increase in sugar prices during the year by no more than 10-12%,” the expert concluded..




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