Ukraine may import sugar to regulate domestic prices

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The Ukraine government is considering importing 50,000 tonnes of additional raw sugar and the Ministry of Development of Economy, Trade and Agriculture will be issuing licenses for the same.

The press service of the ministry stated citing Deputy Economy Minister Taras Vysotsky, “The import of raw sugar will make sugar affordable in domestic markets. The price of sugar produced from imported raw material is about UAH 20 per kg. Meanwhile, the parliament is considering the possibility of a temporary zeroing of duties on imports of white sugar to Ukraine, which will also contribute to the saturation of the domestic market with sugar.”

As per the Economy Ministry, the import of additional raw sugar will provide sufficient amounts of raw material to the processing industries that will help in decreasing the retail price.

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