Ukraine increased the export of dairy products

Published 2024년 6월 25일

Tridge summary

In May, Ukraine experienced a notable surge in the export of most dairy products, including butter and cheese, compared to both the previous month and May 2023, despite low global market prices. This increase is largely due to a higher volume of processing and a slower growth in domestic sales. Notably, exports of spreads, casein, and dry whey have seen significant year-over-year growth. Conversely, imports of dairy products, such as butter, rennet cheese, and processed cheese, have declined. The stagnation in cheese imports is attributed to rising milk and dairy product prices in Europe, especially in Poland, the primary supplier. The trend is expected to persist into June, with exports likely to further increase while imports are anticipated to decrease.

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

Original content

The Ukrainian export of most dairy products in May increased significantly both compared to April of the current year and compared to May 2023. This situation has developed despite low prices on the world market, Infagro analysts report. "This can be explained by a significant increase in the volume of processing against the background of a much weaker growth of domestic sales than last year. Among the main commodity items, less is exported, except for butter and cheese products. Compared to May of last year, the export of spreads, casein and dry whey has increased significantly," the experts say. Read also: Ukrainians reduced consumption of fresh dairy products It is noted that the volume of imports of dairy products (butter, rennet cheese, processed cheese) decreased in May. Contrary to expectations, the import of cheese stopped increasing. To ...

Source: Agrobusiness