Russia: The share of non-CIS countries in the export of dairy products increased to 16%

Published 2023년 12월 27일

Tridge summary

The share of non-CIS countries in the export of dairy products from Russia reached a record 16% in the first nine months of the year, with significant increases in exports to China. Overall, dairy product exports from Russia abroad showed steady growth in 2023, with shipments exceeding the level of the same period in 2022 by 12% in volume terms. However, exports to traditional Russian markets decreased due to high inflation in the post-Soviet space, and prospects for export growth next year will depend on exchange rates.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Over the nine months of this year, the share of non-CIS countries in the export of dairy products amounted to a record 16%. Finmarket writes about this with reference to the words of the general director of the National Union of Milk Producers (Soyuzmoloko) Artem Belov. Thus, supplies of dairy products to China increased significantly - 2.3 times to 6.2 thousand tons, of which 4.8 thousand tons were whey. “In terms of value, the growth in supplies to China amounted to 34% to $6.9 million. In 2024, if the exchange rate remains favorable, exports will also maintain a dynamic growth trend,” the industry association told Agroinvestor. In general, in 2023, the export of dairy products from Russia abroad showed steady growth, Soyuzmoloko says. According to the association, in January-September, supplies of dairy products exceeded the level of the same period in 2022 by 12% in volume terms and reached 704 thousand tons. At the same time, shipments of whey and products based on it ...
Source: AgroInvestor

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