Butter will continue to rise in price, but the pace will slow down in Ukraine

Published 2021년 9월 2일

Tridge summary

In August, world prices for butter experienced growth, leading to rising prices for goods in Ukraine, as reported by 'Infagro'. Domestic production has seen a decrease, while exports have been active and imports have been low, resulting in small stocks. The cost of imports has prevented sellers from giving away domestic oil in hope of price increase. Producer prices for butter ranged from 140 to 167 thousand UAH / t in late August, resulting in a significant decrease in export transactions. Experts predict that butter prices in Ukraine are likely to continue to grow at a slower rate, while oil production is expected to meet demand, despite a noticeable decline. A slight increase in the production of spreads and vegetable-cream mixtures is anticipated in the fall, as their production is currently below last year's level.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World prices for butter were growing in August, so forecasts of further rise in prices for goods in Ukraine are coming true. This is stated in the message of "Infagro". As noted, domestic production has decreased, exports until recently were relatively active, and imports were significantly less than last year's level. That is, the stocks of goods in the country are small. “Replenishment of stocks through imports is hardly possible, since the situation with the cost of imports is such that sellers are in no hurry to give away domestic oil in the hope of its further rise in price,” analysts explain. At the end of August, depending on fat content, producer prices range from 140 to 167 thousand UAH / t. At such domestic prices, the volume of export transactions has significantly decreased. “Oil prices in Ukraine are likely to continue to grow, but the growth rate will slow down. The current oil production is still fully satisfying the demand, despite its noticeable decline. Last ...

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