Soyuzmoloko: The volume of dairy exports from Russia broke the record of 1 million tons and increased by almost a third in monetary terms
Dairy
Russia
Published Feb 18, 2022
Tridge summary
At the end of 2021, the volume of exports of dairy products exceeded 1 million tons in milk equivalent, which is 15% more than in the previous year. In monetary terms, the volume of exports increased by 29% - up to $470 million. For the second year in a row, the dairy industry has demonstrated record export volumes, the press service of the National Union of Milk Producers (Soyuzmoloko) reports.
Original content
“Despite the fact that many experts were initially extremely skeptical about the potential of Russian dairy products on the world market, companies are successfully increasing both the volume of supplies and expanding the geography of exports,” emphasized Soyuzmoloko CEO Artem Belov. “We expect that the reduction of barriers to obtaining state support will further increase the supply of dairy products to foreign markets, including through exchange-traded products.” The most growing category of the last two years is whey: in 2020, the volume of exports increased by 3 times, in 2021 - by another 2 times, to 13.6 thousand tons. The growth of export volumes is facilitated by the development of domestic production of cheeses and a by-product - dry whey and whey products. Also, the export driver in 2021 was ice cream (+26%, up to 33.1 thousand tons), cheeses (+24%, up to 27.0 thousand tons), drinking milk and cream (+24%, up to 46, 6 thousand tons). In the volume of Russian ...
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