Tridge summary
In August 2024, Ukraine saw a significant increase in dairy product prices, reaching an all-time high of over UAH 15.5, which is more than 10% higher than the previous month and nearly 30% higher than August 2023. The average price in euros also increased by 5% from July 2024, reaching €37.4 per 100 kg, just 2% below the price in April 2024. The price gap between Ukraine and the EU and Poland widened, with Ukraine's prices being more than 80% and 81.5% higher, respectively. The first half of September saw a slight decrease in the volume of dairy product trade, totaling $18.9 million, despite a 4.3% increase in exports of milk powder and a 10% increase in cheese exports. There was a 5.3% decrease in imports, with a notable increase in imports of milk and condensed cream, sour milk products, but a decrease in butter and cheese imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
This is reported by the expert-analytical service of the Union of Dairy Enterprises of Ukraine. In August, prices increased by more than UAH 1. and as of the end of the month exceeded UAH 15.5, which became an absolute price record - at the end of 2023, the average price level did not exceed UAH 15.2. Against the level of June-2024, the hryvnia price of August-2024 increased by more than 10%. At the same time, the average hryvnia price of August 2024 exceeded the price level of December 2023 by 1% and the price level of August 2023 by almost 30%. The average price of raw materials in August 2024, expressed in euros, despite the devaluation of the hryvnia, increased against the level of July 2024 from € 32.2/100 kg to € 33.8 (+ 5%); against the level of June-2024 +6%. The average price, expressed in euros and transferred to the euro base in August 2024, reached €37.4. This is just 2% below April-2024. In August 2024, the ratio between price levels in Ukraine and the EU increased: ...
Source: MilkUA
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