MOLDOVA KEEPS LOWEST SUGAR PRICES IN REGION
25.08.2010
Moldova keeps the lowest prices on sugar in the region.
According to the Union of Sugar Producers of Moldova, regional prices on this product considerable went up for the last month.
Representative of the union said in Russia, for example, sugar prices were increasing at the average by 1% every day. Russia’s price on railroad car supply from Russian sugar refineries (including 10% VAT) were US$1070 per a ton on August 23.
Experts said the price trend is connected to traditional seasonal price rising and also to information about Russia’s unprecedented draught consequences.
“The price on sugar from the Sudzuker-Moldova company’s factory stocks fluctuates between 11 thousand lei/t (US$894 per ton) for industrial consumers and 12.5 thousand lei/t (US$1015 per ton) for bulk buyers”, vice-chair of the Union Raisa Bejan said.
She said thanks to the Sudzuker-Moldova, which found finances and imported sugar from the EU countries to cover the draught deficit by the end of 2009-beginning of 2010, Moldova’s sugar prices will remain unchanged. Bejan also added sugar prices will probably go down after the companies will make sugar form the 2010 beet yield.
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