Sugar market news from Kazakhstan and Ukraine, Dec 02, 2021

Latest news are available in our daily reports.

KAZAKHSTAN

According to the Statistical Committee of the Republic of Kazakhstan, consumer prices for sugar in Kazakhstan have grown by 0.8% in November 2021, compared to the previous month. Since the beginning of the year (by December 2020), consumer prices for sugar have increased by 15.6%, and on an annualized basis (by November 2020) - by 18.5%.

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The National Project "Healthy Nation", which assumes introduction of excise taxes on sugar-sweetened drinks, was approved by the President of Kazakhstan, Kassym-Zhomart Tokayev. When introduced in 2023, the excise tax will be 20%, and by 2025 it will increase to 45%.

UKRAINE

For 10 months of 2021, Ukrainian agrarians have sold 493.6 thousand tons of sugar, which is 15.6% less than in 10 months of 2020. Sugar was sold at an average price of UAH 17018/MT ($ 624/MT, or RUR46.1/kg, excluding VAT, transport, forwarding costs). Prices are 77.2% higher than last year.

Sugar.Ru

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