Exports of dairy products from Russia to China increased 1.8 times in January-July

Published 2024년 8월 2일

Tridge summary

Russian dairy exports to China have seen a significant increase, with the total exceeding $8 million from January-July of this year, marking a 1.8 times increase compared to the same period last year. The exports consist of a variety of products, with dry dairy products such as whey and whole milk powder making up over 40% of the total value, and ice cream accounting for about a third. There has also been some success in supplying cheeses, primarily processed ones, with industry leaders like EkoNiva and Komos Group planning to expand their presence in the Chinese market. The weakening of the ruble and compensation for logistics costs are expected to boost the competitiveness of Russian suppliers in the global market, particularly in milk powder supplies to both CIS and non-CIS markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports of Russian dairy products to China in January-July of this year exceeded $8 million, which is 1.8 times more than in the same period last year, said Deputy General Director of the National Union of Milk Producers (Soyuzmoloko) Maria Zhebit, whose comment was posted in the center’s digest. Agroexport" under the Ministry of Agriculture. According to her, in the structure of the Russian export product portfolio, the largest share - over 40% - is accounted for by dry dairy products (primarily whey and whole milk powder), followed by ice cream, which accounts for about a third of the value of supplies. Some companies have started supplying cheeses. “The total volume is still small - around 150 tons, mainly processed cheeses. Industry leaders - EkoNiva and Komos Group - are opening their branches in China in order to more effectively increase supplies and work in the market both with their brands and in the b2b channel,” Zhebit said. According to the union, the Chinese milk ...
Source: Milknews

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