eu-tensions-over-ukraines-agricultural-imports-spread-to-sugar-market-bloomberg

EU tensions over Ukraine's agricultural imports spread to sugar market - Bloomberg

 • 33879 переглядiв

French sugar beet entrepreneurs demand that Ukraine's growing sugar imports be re-exported outside Europe to avoid harming local producers, UNN reports citing Bloomberg.

Details

Ukrainian sugar imports to the bloc could reach 700-800 thousand tons in the 2023-2024 season, the CGB business group said on Tuesday. According to the European Commission, this would be about twice as much as imports in the previous season and significantly higher than the average of 21,500 tons in the five years before. Earlier, Ukraine said it would limit sugar exports to 650 thousand tons in all directions this season.

"We need a clear answer from the European Commission on the future management of this sugar inflow," the CGB said in its presentation.

Addendum

The sugar producers' demands follow similar tensions over Ukraine's sharp rise in grain exports, which prompted several Eastern European countries to ban purchases on the grounds that the shipments were driving down local prices, the newspaper said. Russia's invasion of Ukraine has disrupted its Black Sea ports, forcing grain producers to rely more on rail, road and river routes through neighboring countries.

Despite the increase in sugar imports from Ukraine, sugar prices to the EU remain high amid a global shortage of the sweetener. According to the EU, domestic prices for white sugar are over 800 euros (878 USD) per ton, the highest level in the last ten years.

Author image

Julia Shramko

Economy

    Popular

    Prince Harry to receive compensation from The Sun for illegal surveillance

    Prince Harry to receive compensation from The Sun for illegal surveillance

     • 70338 переглядiв

    Defense Procurement Agency exposes AntAC on rumors and manipulations

    Defense Procurement Agency exposes AntAC on rumors and manipulations

     • 35458 переглядiв

    Umerov to EU: Ukraine needs €18 billion in funding to develop defense industry

    Umerov to EU: Ukraine needs €18 billion in funding to develop defense industry

     • 33265 переглядiв

    News by theme

    EU tensions over Ukraine's agricultural imports spread to sugar market - Bloomberg

    EU tensions over Ukraine's agricultural imports spread to sugar market - Bloomberg

     • 33879 переглядiв

    In the Kyiv sector, mobile groups destroyed one 'shahed'

    In the Kyiv sector, mobile groups destroyed one 'shahed'

     • 33306 переглядiв

    Another 1140 occupants and 15 tanks: General Staff updates data on enemy losses

    Another 1140 occupants and 15 tanks: General Staff updates data on enemy losses

     • 35098 переглядiв

    Enemy fired 128 times in Kherson region over the day: four wounded

    Enemy fired 128 times in Kherson region over the day: four wounded

     • 33647 переглядiв

    Overnight, Ukrainian air defense destroyed 21 drones and 2 missiles launched by Russia

    Overnight, Ukrainian air defense destroyed 21 drones and 2 missiles launched by Russia

     • 39176 переглядiв

    Russia announces drone attack on Moscow

    Russia announces drone attack on Moscow

     • 33877 переглядiв

    Heads of CIA and Mossad discuss extension of ceasefire in Gaza with Qatari Prime Minister

     • 32803 переглядiв

    National project to train digital transformation leaders launches in Ukraine

     • 30525 переглядiв