Imports of dairy products to Ukraine slowed down at the beginning of the year

Published 2021년 2월 10일

Tridge summary

In January 2021, Ukraine's dairy foreign trade balance showed a deficit of $ 6.68 million, according to the Association of Milk Producers. Despite a slight decrease in imports by 1.6% compared to the previous year, the country experienced significant increases in imports of condensed milk and cream by 105%, and sour-milk products by over 30%. Cheese imports also rose by 8.4%. However, imports of oils, whey, casein, and ice cream saw decreases. Export activity was relatively positive, with a slight decrease of 5.1% in dairy product exports compared to the previous year, despite a minor 0.3% decrease in revenue.

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

Original content

The balance of foreign trade in dairy products is in the negative zone: the result of January 2021 - minus $ 6.68 million, according to the Association of Milk Producers (AVM). "Although the trend can be called quite conditional, because the first month of the year is traditionally shortened and reduced activity due to seasonal holidays, but in such conditions, a preliminary forecast emerges, according to which by the end of the year the foreign trade balance is unlikely to go into positive range," he said. APM chief analyst Volodymyr Andriyets. Conditional positive (features of January for trade - can not adequately reflect the general situation) - a slowdown in imports, which in the first month amounted to 5.9 thousand tons totaling $ 19.6 million. This is 1.6% less than last year. "Nevertheless, the future leaders in the growth of imported supplies are already visible: the group of condensed milk and cream, which already has three-digit build-up values: + 105%, up to 470 tons, ...

Source: AllRetail.ua