IMPACT OF THE WAR IN UKRAINE ON THE EU AGRARIAN ECONOMY, PARTICULARLY IN THE SUGAR SECTOR

In: Ikonomičeska misăl, Band 68, Heft 1, S. 73-88

Abstract

The impact of the war in Ukraine on agriculture and its consequences on staple foods are analyzed. The price and trade levels of the main agricultural products before and after the war conflict are studied. Their impact on the European agricultural sector and multiplier effect on the independent sugar sector is explored. A historical and comparative analysis is used to support this research. Three main reasons for instability in the sector because of the war have been identified: reduced production, increased consumption and limited imports. Based on the results of the research, a solution has been proposed to overcome the identified problems in the European Sugar Sector: introducing a preferential quota for the import of raw cane sugar which is intended for refining in countries that lack their own raw material for sugar processing (Region 3 in the EU, including Bulgaria).