Russia has significantly increased the export of dry dairy products over 10 months

Dairy

Russia

Market & Price Trends

Published Dec 30, 2023

Tridge summary

Russia has seen a significant increase in the export of dry dairy products, with exports of dry whey and skimmed milk powder nearly doubling compared to the previous year. The exports mainly increased in Kazakhstan and Georgia, with a significant growth in value terms achieved in the export of skimmed milk powder. The market experienced a rapid decline in raw milk prices from April to August 2023, but prices for raw milk started to rise again in September due to increased demand and stabilization of supply.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Moscow. December 29th. INTERFAX.RU - Over the 10 months of this year, Russia has significantly increased the export of dry dairy products, according to an industry review by the Institute of Agricultural Market Studies (IKAR). Thus, according to ICAR estimates, in January-October, almost 32.9 thousand tons of dry whey were exported against 7.4 thousand tons in 2022, 13.6 thousand tons of skimmed milk powder (SMP) against 6.2 thousand. tons The main increase in DWM export volumes occurred in Kazakhstan (66%), Georgia (16%) and Azerbaijan (11%), dry whey - in Kazakhstan (82%), China (12%) and Uzbekistan (7%). In value terms, the greatest growth was achieved in the export of SOM - almost one and a half times (estimated from $18.1 million to $26.1 million). Whey powder exports grew modestly, from $8.3 million to $8.4 million. According to experts, it was due to the intensification of exports that it was possible to reverse the trend of growth in inventories of a number of dairy ...

Source: Interfax