Ukraine's dairy exports drive improved profitability and global demand

Published Jun 7, 2024

Tridge summary

In May 2024, Ukraine saw an 8% increase in dairy product exports from the previous month and a 14% increase from May 2023, totaling 11.33 thousand tons and worth 24.53 million dollars. The majority of these exports, 94%, were to Moldova. From January to May 2024, Ukraine's dairy product exports increased by 35% in volume and 5% in revenue compared to the same period in the previous year. Notably, there was a significant increase in the export of milk and non-condensed cream, as well as whey and serums, with most of these exports also going to Moldova. However, there was a decrease in the export of buttermilk and cheese, with the majority of cheese exports going to Kazakhstan, despite competition from Russian imports. Additionally, the export of ice cream saw a significant increase in both volume and revenue in May 2024.

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

Original content

According to preliminary data of the DSSU, in May 2024, Ukraine exported 11.33 thousand tons of dairy products worth 24.53 million dollars. Natural export volumes increased by 8% compared to April of this year and by 14% compared to May 2023. Cash receipts for delivered goods increased by 14% compared to April 2024 and by 8% compared to May 2023. In January-May 2024, 47.76 thousand tons of dairy products worth 96.62 million dollars were exported. In natural volumes, dairy exports grew by 35%, and the monetary revenue for the delivered goods grew by 5% compared to last year's period. The main export categories in May in monetary terms were the following products: Natural volumes of milk and non-condensed cream exports in May amounted to about 2.15 thousand tons, which is 96% more compared to April 2024 and 1% more compared to May 2023 . The revenue for the delivered goods amounted to 1.36 million dollars. and grew by 83% compared to April of the current year and grew by 10% ...

Source: MilkUA