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Ukrtsukor considers UAH3.500/t sugar price (2005 beet) to be optimal
28.09.2005 12:20 "Agro Perspectiva" (Kyiv) —
As to Myckola Yarchuk, National Association Ukrtsukor Chairman, Ukrtsukor considers optimal sugar (produced out of 2005 sugar beet) price to be UAH3.500t.
Yarchuk is convinced this price will assure domestic sugar plants minimal profitableness.
«Sugar mustn’t cost less UAH3.5/kg in order to guarantee sugar beet industry minimal profitableness,» declared Ukrtsukor Chairman.
Yarchuk admitted, as of recent, domestic market sugar prices have started declining due to raw sugar importing.
As earlier reported, domestic sugar market prices had started going down owing to State Reserve sugar sales having been launched/information of Cabinet planning to import over 100.000t raw sugar without EUR300/t entry duty paying having been spread.
As to Ministry of Economics, this Jul maximal (UAH5.25/kg) sugar prices were registered on AR of the Crimea markets, minimal (UAH3.95/kg) on Kherson region markets.
Cabinet retained 2005/2006 MY (Sept 1/05-Sept 1/06) sugar minimal prices UAH1.975/t (VAT excluded) or UAH2.370/t (VAT included).
Cabinet had retained 2004/05 MY sugar and sugar beat minimal prices correspondingly UAH2.370/t (VAT included) and UAH165/t (VAT included), unchanged of 2003/04 MY.
Experts estimate domestic sugar market annual capacity 1.82 million tons.
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