Ukraine: Changing the structure of dairy consumption is one of the long-term trends

Published 2020년 12월 31일

Tridge summary

The global dairy market in 2020 was influenced by the COVID-19 pandemic, with factors such as quarantine restrictions leading to a decrease in cream consumption in restaurants, resulting in low milk fat prices. However, with the distribution of vaccines, there is expected to be a gradual return of consumers to restaurants, leading to an increase in demand for dairy products. The demand for cheese has been growing while liquid milk consumption has been declining. China, Australia, Russia, and the United States have seen increased imports of cheese and drinking yogurts consumption has decreased. Economists predict that the dairy markets will continue to be affected by COVID-19 into 2021. Small dairy processors are better equipped to adapt and produce special products.

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Original content

In 2020, the demand for dairy products in the world developed under the influence of factors, mainly due to the COVID-19 pandemic. The analyst of the Association of Milk Producers Yana Linetska told about it. "The key change in market conditions next year will be that milk fat prices will begin to normalize," she said. "Because now they are low due to the reduction of cream consumption in restaurants due to quarantine restrictions." Global vaccinations are expected to gradually allow more people to return to restaurants and other establishments that consume milk fat. Thus, the external demand for butter and milk fat at the end of autumn soared from China by 41%, Australia - by 13%, Russia - by 7%, the United States - by 4%, the expert said. According to her, one of the key long-term trends is a change in the structure of consumption. Consumption of liquid milk per capita is declining, while cheese - is growing. The latter at some stage will reach natural saturation, although there ...

Source: Agrotimes