Exports of Russian milk and dairy products are expected to grow by 20% in 2021

Published 2021년 6월 25일

Tridge summary

The National Union of Milk Producers in Russia, Soyuzmoloko, predicts a 20% increase in milk and dairy exports in 2021, driven by demand in CIS countries and China. Despite rising production costs, high world market prices and recovering demand, particularly in China, make up for it. However, an 18% increase in milk costs last year and a significant rise in protein feeds, energy carriers, mineral fertilizers, fuels, and lubricants have led to decreasing profitability for enterprises. Some regions have seen a slowdown in milk production growth and are either reducing livestock numbers or changing rations to maintain profitability.

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

Original content

The National Union of Milk Producers ("Soyuzmoloko") expects the export of Russian milk and dairy products to grow by 20% in 2021, including through supplies to the CIS countries and China, Soyuzmoloko CEO Artem Belov told TASS during his working trip to Kirov. "This year may be quite favorable for exporters, because despite the growth in production costs, exports will be supported by high prices in the world market and recovery in demand. Prices for exchange commodities (milk powder, whey) are at their maximum values. At the same time, demand in China is recovering. , now the first deliveries have begun there, and I expect that these deliveries will be significant in 2021-2022. At the end of the year, due to the traditional markets of the CIS countries, new markets of China, Southeast Asia, the Middle East, North Africa, the volume of exports will increase by 20%, "Belov said. He noted that Russian agricultural producers send cheeses, whole milk products, ice cream to the ...

Source: Milknews