Home / Agricultural Economy / Agribusiness / SUGAR PRICES JUMP TO 700 LIRAS AS SUPPLY SHORTAGE ARISES IN INTERNATIONAL MARKETS!

SUGAR PRICES JUMP TO 700 LIRAS AS SUPPLY SHORTAGE ARISES IN INTERNATIONAL MARKETS!

Restrictions on exports due to the war between Russia and Ukraine hit the prices of grain and sunflower products, as well as sugar. The fact that sugar fell into the black market has begun to prevent the manufacturer from producing.

The ongoing war between Russia and Ukraine has prevented both countries from bringing their agricultural supplies to the world markets. While Ukraine could not export due to the occupation of its ports, the Kremlin banned the export of grain and sugar. The lack of supply in the markets caused great increases in prices.

Due to the supply shortage in sugar, the 50 kilogram sugar sack that Türkşeker (Turkish Sugar Factories) sold for 270 liras jumped to 700 liras. While manufacturing decreased significantly in sectors producing sugar, Türkşeker’s share in companies producing sugar from beet decreased from 65 percent to 35 percent.

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About İsmail Uğural

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