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Prices for Sugar Exports to Rise

17 February, 00:00
The Derzhzovnishinform (National Research Information Center for Monitoring International Commodity Markets) experts anticipate that the price for Ukrainian white sugar exported to Russia will soon be $430-$450 a ton. Interfax-Ukraine reports that export prices should be expected given the annual quota of 600,000 tons imposed by Russia on imported Ukrainian sugar after the abolition of VAT for imported Ukrainian goods on February 1. The price level is dictated by high prices on the Russian market ($470 to $480 a ton) and short supply of sugar on the Ukrainian one. Late last year sugar was exported for $320 to $380 a ton on FOB/DAF terms.

 

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