In April, the cost of raw milk production remained 13% higher

Published Jun 4, 2024

Tridge summary

The cost of raw milk production in Russia for April increased by 13.1% compared to the same period last year, according to the National Union of Milk Producers. This increase is due to higher prices for feed and energy resources, increased wages, increased costs associated with imports, and higher rates on preferential short-term loans. However, compared to March, the cost of milk production decreased by 1.3% due to a slight drop in the cost of some types of feed and mineral fertilizers.

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

Original content

The cost of raw milk production in Russia for April (data are given as for the first month of the current quarter - ROSNG) remained 13.1 percent higher than for the same month last year. The DairyNews writes about this with reference to data from the National Union of Milk Producers (Soyuzmoloko). The reasons for the decline were the increase in prices for some groups of feed (for example, by four percent year-on-year for vegetable meal and cakes and by 10 percent for combined feed for cattle), the rise in price of some energy resources (by one percent for electricity and almost a third for diesel fuel), as well as a 20 percent increase in wages for employees, an increase in costs associated with imports and an increase in rates on preferential short-term loans. At the same ...

Source: Rosng