Dairy products are steadily rising in price in Ukraine: the expert told what will happen to prices in the future

Published 2024년 11월 8일

Tridge summary

Dairy product prices in Ukraine are experiencing a steady increase, with an additional 10-15% rise expected by year-end if electricity supply remains stable. The price hike is primarily due to insufficient high-quality milk, decreasing milk production in Europe, seasonal weather fluctuations, high feed prices, and increased logistics and electricity costs. Factors such as general inflation are also contributing to the rise in prices for all grocery items. Additionally, the price of carrots in Ukraine is rapidly increasing, and a significant portion of Ukrainians are buying cheaper, lower quality products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In Ukraine, prices for dairy products are constantly rising. As Deputy Chairman of the "All-Ukrainian Agrarian Council" Denis Marchuk told UNIAN, this trend will continue in the future. According to his forecast, in the case of a stable supply of electricity in winter, the price increase may amount to another 10-15% by the end of the year. However, if farms are forced to use generators due to possible outages, the cost of milk production will increase dramatically, which could further affect prices for consumers. The expert added that the prices of dairy products have been increasing since the end of August this year. "The most important reason is the insufficient amount of edible, high-quality milk. Because today we have grown quite strongly in terms of exports to the European Union, due to the fact that milk production in Europe is decreasing," Marchuk said. Among other factors that affect the price of dairy products, the expert named seasonal weather fluctuations. In the warm ...
Source: Unian

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