UAC

As UAC predicted earlier, the price of sugar in Ukraine stopped growing and even began to decline. From the beginning of the year, the wholesale prices fell to UAH 7000 per ton. This trend was caused by several factors. Lack of funds for the planting season was the main reason of decreade in the price of sugar, as it forced farmers to sell their own stocks of sugar, which they held in anticipation of further price increases. Also, sugar prices on the world trading floors plummeted from a peak of $755/MT in late Janaury to $504/MT on March 31, 2010, which has significantly told on Ukrainian domestic prices.