CRPT reported a decrease in prices for dairy products in Russia

Kefir

Dairy

Russia

Market & Price Trends

Published Nov 22, 2023

Tridge summary

In the third quarter of 2023, dairy product prices in Russia decreased by 1.5% compared to the previous quarter, but consumption of dairy products increased. This information came from a joint review by CRPT and the National Scientific Center for Competence in the Field of Combating Illegal Trafficking in Industrial Products. The review also noted a slight decrease in milk prices and kefir production, but an overall increase in milk supply and kefir production compared to the same period in 2022.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Prices for dairy products in Russia in the third quarter of 2023 decreased to 1.5% compared to the second quarter, while its consumption increased. This follows from a joint review of CRPT (operator of the Honest Mark labeling system) and the National Scientific Center for Competence in the Field of Combating Illegal Trafficking in Industrial Products, which TASS reviewed. "Weighted average prices for all key products of the dairy industry were stable in the third quarter of 2023 compared to the previous quarter (small decrease in the range of 0.2-1.5%). Consumption of dairy products, in turn, increased by the second quarter of 2023 : at points of sale by 0.6%, and remote sales by 11%,” the review says. As for milk, in the third quarter there was a slight decrease in prices by 1.3-1.4% compared to the second quarter. The supply of such products in the third quarter decreased by 0.7% compared to the second quarter, while compared ...

Source: Milknews