Cheap Ukrainian sugar is coming
The government allows the import of cheap Ukrainian sugar, which may cause serious losses to domestic sugar beet producers and the only functioning domestic sugar factory.
The president of the National Association of Sugar Beet Growers (CTOSZ) warns that 40 percent of the domestic supply may be lost as a result. The decision has a direct impact on the price of sugar beet, as a higher supply could depress the price of sugar, reducing producers’ incomes. This step presents further challenges to domestic sugar beet producers, who are already struggling with high costs.
The Hungarian government originally banned the import of Ukrainian products, but has now backed down in the case of sugar, while the import stop remains in effect for other products.
The decision repeals the previous measure banning the import of certain agricultural products from Ukraine. However, according to EU rules, some Ukrainian products can be imported into the EU without restrictions.
Related news
Export champion with innovation in the sugar market curve – Budapest industry roundtable on the competitiveness of confectionery manufacturers
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Shrinking candy bars: smaller packages await customers this Christmas
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Trump announces: Coca-Cola may switch to cane sugar in America – panic in the corn industry
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
The 2025 Sustainable Future Awards were presented: the most outstanding sustainable companies and leaders of the year were recognized
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Visa launches new program to support the digitalization of Hungarian businesses
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Pink trucks and contemporary artists and influencers set hope in motion
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >
