News

How Russian dairy agricultural exports have transformed in 2023

Dairy
Russia
Market & Price Trends
Innovation & Technology
Published Jan 25, 2024

Tridge summary

The First Forum of Dairy Industry Leaders in Moscow discussed the transformation of Russian dairy exports, which have shifted from supplying finished products to exporting dry dairy products to distant markets such as China, Mongolia, the Philippines, UAE, Saudi Arabia, Bangladesh, Vietnam, and Oman. The global dairy trade is projected to grow by 24% by 2030. KOMOS GROUP's Executive Director, Kirill Chechin, highlighted the benefits of direct sales in increasing the markup on their dairy products, while Andrey Yarovoy, a board member of the Meleuzovsky Milk Canning Plant, shared his experience of entering the Algerian market.
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

At the First Forum of Dairy Industry Leaders, which took place on January 23 in Moscow, a plenary discussion entitled “Russia on the Dairy Map of the World 2030” took place. Forum participants discussed current trends in the global dairy market, priorities in the development of exports from Russia and factors affecting the competitiveness of domestic companies. The head of the Federal Center “Agroexport”, Dmitry Krasnov, presented an analysis of Russian dairy agricultural exports. Dmitry Krasnov noted that since 2023, Russian exports of dairy products began to go through a period of transformation. Previously, the main growth in dairy exports was achieved through the supply of finished products to neighboring countries, but now the export of dry dairy products, including distant markets, plays a key role. Over the past year, the volume of supplies of milk powder from Russia increased almost 6 times, to 20 thousand tons, and whey - 2 times, to 24 thousand tons. In general, the ...
Source: Agroxxi
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