Foreign trade in dairy products continues to deepen into the negative zone

Published 2020년 7월 23일

Tridge summary

Ukraine has experienced a significant decrease in dairy exports, with losses reaching $ 38.9 million for the first half of the year, primarily due to a drop in milk, condensed cream, butter, milk powder, and condensed milk exports. The country's main buyers of these products have been Azerbaijan, Moldova, Georgia, Kazakhstan, and Armenia. Additionally, imports of dairy products, especially butter and cheese, have surged, posing a threat to the national dairy industry. This situation is attributed to the free trade agreement with the EU, which has led to the removal of import duties, allowing easy access for European dairy products. The country is experiencing a negative balance in its foreign trade with major dairy suppliers like Poland, Germany, the Netherlands, and France. The situation is exacerbated by a milk shortage and a global decline in dairy prices and demand, prompting calls for investigations and protective measures for local producers.

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

Original content

The lion's share of losses is provided by a fall in key export items - milk and condensed cream - minus 36% to $ 29.8 million. and butter - minus 43%, to 26.5 million dollars, compared to the previous year. Actual losses from the fall in total exports for the first half of the year amounted to 38.9 million dollars, of which losses from the reduction of exports of butter and milk powder together - 36.7 million dollars. The main buyers of Ukrainian butter are Azerbaijan, Moldova, Georgia, Kazakhstan and Armenia, and the groups of milk powder and condensed milk are Israel, Georgia, Moldova, Armenia and Azerbaijan. Export trade in other dairy products, including non-condensed milk and cream, decreased significantly by 22.8% (to USD 6.8 million), and lactic acid products by 22.3% (to USD 3.9 million). and cheeses - by 17.1% (up to $ 9.8 million). Finally, in six months, the country has achieved positive exports of some goods, and this is whey, trade in which at the beginning of the ...

Source: MilkUA