Soyuzmoloko: The volume of dairy exports from Russia broke the record of 1 million tons and increased by almost a third in monetary terms

Published 2022년 2월 17일

Tridge summary

In 2021, Russia's dairy exports surpassed 1 million tons in milk equivalent, a 15% increase from the previous year, and earned $470 million, marking the second consecutive year of record growth. The most significant increase was in whey exports, which doubled in 2021. The exports were dominated by cheese, sour-milk products, and ice cream. China emerged as a key importer of Russian whole milk powder, taking the third place in whey supplies. The top five importers were Kazakhstan, Ukraine, Belarus, the USA, and Uzbekistan, with the USA seeing the largest growth in supplies. Soyuzmoloko is collaborating with various agencies to open new markets and remove barriers to Russian dairy product exports.

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

Original content

At the end of 2021, the volume of exports of dairy products exceeded 1 million tons in milk equivalent, which is 15% more than in the previous year. In monetary terms, the volume of exports increased by 29% - up to $470 million. For the second year in a row, the dairy industry has demonstrated record export volumes, the press service of the National Union of Milk Producers (Soyuzmoloko) reports. “Despite the fact that many experts were initially extremely skeptical about the potential of Russian dairy products on the world market, companies are successfully increasing both the volume of supplies and expanding the geography of exports,” emphasized Soyuzmoloko CEO Artem Belov. “We expect that the reduction of barriers to obtaining state support will further increase the supply of dairy products to foreign markets, including through exchange-traded products.” The most growing category of the last two years is whey: in 2020, the volume of exports increased by 3 times, in 2021 ...

Source: Milknews