Russia: The Dairy Union announced a possible drop in milk consumption by a third

Published 2023년 2월 9일

Tridge summary

Russia's milk consumption is projected to drop by 20-30%, as reported by the Dairy Union, with a shift in demand towards budget dairy products due to declining income levels. Despite a slight increase in raw milk production in 2022, the dairy herd has hit a historical low, leading to reduced milk production. The head of the union has called for increased investment and state support to stabilize and enhance the dairy industry. President Putin has emphasized the need for Russia to achieve technological sovereignty in key areas to ensure national independence.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Dairy Union of Russia, milk consumption in the country may decrease by 20-30%. This was stated by the head of the union, Lyudmila Manitskaya, during the All-Russian Congress of Milk Producers and Processors. She also noted that the demand for dairy products will shift to budget categories - this is facilitated by a number of factors. First, there is a decrease in the income of the population. “In previous years, the production of almost all major types of dairy products was stable or growing. But in 2022, consumption decreased, after which there was a stagnation or decline in processing. The consumer reduces the cost of the diet, replaces milk-intensive products with drinking milk,” said Manitskaya. In addition, in the last three years, the production of raw milk in Russia has hardly increased. According to the union, in 2022, production was at the level of 32.5 million tons, slightly higher than in 2021 (32.3 million tons). If we talk about processed products, ...
Source: AgroInvestor

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