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Wholesale sugar prices stabilized at UAH3.650-3.750/t
14.03.2006 10:22 "Agro Perspectiva" (Kyiv) —
omestic market wholesale sugar prices have stopped rising at UAH3.6503.750/t (depending on region/contracts conditions), reported Agrarika Ltd referring to sugar wholesale traders data.
Agrarika Ltd experts are convinced prices stabilizing is just temporary and prices will tend to boost due to sugar seasonal demand growth on part ice-cream, soft drinks and confectionaries producers.
Simultaneously, experts consider current market sugar reserves are quite sufficient to satisfy domestic market requirements until 2006 crop beat sugar output.
As earlier reported, this year end Jan-early Feb domestic wholesale/retail markets sugar prices had started sharply rising.
Experts estimate domestic sugar market annual capacity 22.2 million tons.
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