The expert predicts an increase in exports of dairy products from the Russian Federation in 2024 by 15-20%

Published 2024년 5월 13일

Tridge summary

The National Union of Milk Producers in Russia predicts a 15-20% increase in dairy exports by the end of 2024, compared to the previous year. The export volume is expected to rise to at least $0.55 billion, with a shift in focus towards non-CIS markets. In 2023, dairy exports increased by 18% to about 1 million tons in milk equivalent, with significant growth in the supply of skimmed milk powder and whey powder. Currently, Russian dairy products are exported to around 60 countries, with about a third of domestic enterprises engaging in exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Exports of Russian dairy products by the end of 2024 may increase by 15-20% compared to the previous year. This was announced by the General Director of the National Union of Milk Producers Artem Belov in an interview in the TASS studio at the Government Coordination Center at the International Exhibition and Forum "Russia". “Export plans are now very ambitious. Business is still approaching estimates a little more conservatively. At a minimum, we expect that this year the volume of exports will increase by 15-20%. And what is important, I expect that a change in the structure of exports, an increase in exports to the non-CIS market, the share of these countries will increase,” Belov said. He recalled that at the end of 2023, the export of dairy products from Russia amounted to approximately $0.5 billion. “Every 25th liter of milk that was produced in the Russian Federation was exported,” he noted. According to him, the main buyers of Russian dairy products in 2023 among the ...
Source: Kvedomosti

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