Soyuzmoloko predicts milk production growth by 2% in 2024 in Russia

Published 2024년 11월 5일

Tridge summary

The National Union of Milk Producers in Russia predicts a 5% increase in consumption and a 2% growth in production of commercial milk by the end of 2024. The current production volume is expected to be 26.3 million tons, with consumption at 32.9 million tons and imports at 7.3 million tons. The export of dairy products is projected to rise to 1.1 million tons in 2024. However, the cost of production has increased by 9.2% for raw milk and 18.4% for finished dairy products, with prices for raw milk also increasing by 21.8%.

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Original content

Consumption growth is expected at the level of 5% Moscow. November 5. INTERFAX.RU - Production of commercial milk in Russia by the end of 2024 will grow by 2% compared to last year with a more noticeable increase in consumption, the National Union of Milk Producers (Soyuzmoloko) predicts. "Our forecast for consumption (for 2024 - IF) is 5% growth and approximately plus 2% in terms of milk production volume," said the general director of the association, Artem Belov, during the 5th Congress of the Siberian Union of Milk Producers and Processors on Tuesday in Novosibirsk. "The imbalance will be covered by the volume of imports (. . .) Year-on-year, imports to Russia have grown by approximately 15-17%. This has in some sense balanced the market, but it has not relieved the tension in the raw materials market," he said, adding that the lion's share of imports comes from Belarus. According to the Soyuzmoloko presentation, this year the volume of commercial milk production in the ...

Source: Interfax