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Sugar holders withhold sales in anticipation of seasonal prices growth
14.03.2006 11:35 "Agro Perspectiva" (Kyiv) —
Waiting for sugar prices seasonal rise, domestic sugar owners are restricting sales, reported Agrarika Ltd referring to sugar market operators data.
As to report, Agrarika Ltd experts admit domestic market current sugar offer is limited due to sugar trading companies forecast this product prices further growth as impacted by seasonal factors.
As to Agrarika Ltd, current wholesale sugar prices are UAH3.6503.750/t.
Reportedly, domestic market wholesale sugar prices have stabilized at UAH3.6503.750/t (depending on region/contracts conditions).
As to Agrarika Ltd experts, 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.
Experts estimate domestic sugar market annual capacity 22.2 million tons.
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