Russia to triple its whey exports by 2030

Published 2021년 5월 26일

Tridge summary

Russia is projected to see a significant increase in milk whey exports by 2030, with a targeted volume of 20 thousand tons and an estimated cost of $19 million, up from $5.5 million in 2020. This growth is attributed to strategic investments in the dairy sector and a rise in domestic production, which surpassed 177.8 thousand tons in 2020 with a self-sufficiency rate of 76.7%. The dependence on imports, primarily from Belarus and Argentina, has notably decreased to 23.3% in 2020, down from 52% in 2015. In the same year, Russia exported 6.8 thousand tons of milk whey, primarily to Kazakhstan, experiencing a 54.8% growth in physical exports and a 56.9% increase in value exports year-over-year. Maxim Basov, the CEO of Rusagro, highlights the potential for further growth in whey powder exports to China, subject to market conditions, as the demand in China currently outstrips Russia's production capabilities.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

By 2030, compared with 2020, Russia may triple the export of milk whey, up to 20 thousand tons. The cost of supplies will rise to $ 19 million ($ 5.5 million in 2020), according to the Federal State Budgetary Institution Agroexport under the Ministry of Agriculture. This will be possible taking into account the implementation of investment strategies for the development of dairy enterprises and while maintaining the growth of milk whey production in the country, the center notes. In 2020, the Russian Federation produced 177.8 thousand tons of milk whey, which is 18.3% more than in 2019. In January-March this year, production increased by 7.4% (in annual terms) to 45.1 thousand tons. The level of self-sufficiency in these products at the end of 2020 amounted to 76.7% against 48% in 2015. The missing demand is filled with imports. At the same time, the center notes that dependence on imports has significantly decreased in recent years: in 2020, the share of imports in this ...

Source: Milknews