Export of dairy products increased by 11% in Ukraine

Dairy

Ukraine

Published Oct 14, 2022

Tridge summary

In 2022, the Ukrainian dairy sector took the direction of transforming the economic model from raw material to food and has positive results. Despite the change in logistics routes, the work of enterprises in dangerous conditions, the difficult economic situation in the country, the export of Ukrainian dairy products for 9 months amounted to 72.43 thousand tons in physical terms and 186.2 million USD in value terms, which is 11% and 41% more than in 2021, respectively.

Original content

This was reported by the press service of UKAB. According to Maksym Hopka, an analyst at UKAB, Ukrainian exporters of the dairy sector have almost adapted to the current working conditions and continue to increase trade abroad due to the surplus of products on the domestic market. "Comparing the export of dairy products in the 3rd quarter of 2022, the total export volume for July, August, and September amounted to 35.14 thousand tons, which is 76% more than in the same period last year. So far, this is the most productive period of trade in the current year, in particular, the value of trade for the 3rd quarter was 92.4 million USD, which is twice as much as in 2021," the expert notes. In September, a gradual slowdown in the export of milk and dairy products is observed, but the volumes remain at a sufficient level. The reason for the slowdown is weak world demand, which is sensitive to the global recession, as well as a gradual increase in internal stocks in the EU due to a ...

Source: Agrotimes