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

Published 2021년 9월 5일

Tridge summary

In August, Ukraine experienced a rise in butter prices, attributed to a decrease in production, ongoing exports, and low imports, resulting in limited stock levels. The price per ton of butter varied between 140 and 167 thousand UAH, leading to a reduction in export transactions. Experts forecast a continued rise in oil prices, despite a reduction in production, which currently meets demand. They also anticipate an increase in the production of spreads and vegetable-cream mixtures in the autumn due to high oil prices. However, the production of these products is currently below last year's levels.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

World prices for butter rose in August, so it also rose in price in Ukraine. This is stated in the message "Infagro", writes agronews.ua. It is noted that the production of butter has decreased, exports until recently were relatively active, and imports were significantly lower than last year. That is, stocks of goods in the country are small. At the end of August, depending on the fat content, the price range of producers from 140 to 167 thousand UAH per ton. At such domestic prices, the volume of export transactions decreased significantly. "Oil prices in Ukraine are likely to continue to rise, but growth will slow. Current oil production still fully meets demand, despite its significant reduction. Last month, 6.7 thousand tons of goods were produced, which is 13% less than in August 2020. But in the autumn months we should expect a significant reduction in oil production, which certainly will not ...
Source: AgronewsUA

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