Russia is planning a large increase in the export of dairy products

Published 2024년 5월 20일

Tridge summary

Russia is planning to increase its global dairy supplies by 15-20 percent annually, with a focus on Arab countries and Southeast Asia, particularly Algeria. The country's dairy industry is projected to grow at around the same rate, with potential for exponential growth within 7-10 years. Currently, Russia's annual dairy exports are worth $400 million, with the largest recipients being countries formerly part of the Soviet Union and China. The country began delivering dairy products to the United Arab Emirates, Saudi Arabia, Oman, Tunisia, Egypt, and the Philippines last year. The Bryansk Cheese Factory has opened a representative office in Algeria, and other Russian enterprises are engaged in deliveries, with Algeria potentially becoming the number one buyer and exporter of dairy products in 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia plans to increase its presence in the global dairy products market by increasing supplies by 15-20 percent. annually, with a significant focus on Arab countries - especially Algeria - and Southeast Asia, Artem Belov, head of industry lobby group Soyuzmoloko, told Reuters. Great opportunities to increase production Annually, the Russian dairy industry may show an export growth rate of about 15-20 percent, but it is possible that under the right conditions this growth could be exponential. According to Belov, in the long term of 7 to 10 years, Russia can increase supplies many times over. Annual exports of dairy products from Russia are currently worth $400 million, which is approximately 1%. a global market estimated at over $40 billion. The country officially stopped publishing dairy export statistics this year, but 2023 data shows it doubled whey exports this year and increased its supply of milk powder 4.7 times. So far, the largest recipients have been Kazakhstan, ...
Source: Farmer.pl

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