Sugar price increasing

In the last year the world sugar price has nearly doubled. This tendency will definitely influence the Georgian market as well. Until recently the sugar price in Georgia has been rather moderate, because the country is using its reserves.

Analysts suggest that the sugar price increase has been mostly determined by the bad crop of sugar in India. Therefore it is not excluded that in the near future the sugar price in Georgia will also increase, as Georgia, despite producing its own sugar, still mostly depends on imported varieties. A price increase at some point is inevitable, but will not be very big: analysts suggest that at the first stage the price will increase by 10 tetri per kilo.