In January-April, the Russian Federation increased exports of milk powder by 2.5 times

Published May 28, 2024

Tridge summary

Russia has seen a significant increase in milk powder exports, with a 2.5-fold rise in the first four months of 2021 compared to the same period in 2020, totaling almost 5,000 tons. The main contributor to this growth is the supply to Algeria, which has become the largest buyer of Russian milk powder among non-CIS countries, importing over 1,200 tons in the first four months of 2021. Algeria ranks second behind Kazakhstan as the largest buyer of Russian milk powder. The country's market is seen as promising due to its large import of milk powder, efforts to diversify suppliers, and transparent market rules, making it more receptive to Russian milk powder.

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

Original content

Moscow. May 28. INTERFAX.RU - In January-April this year, the Russian Federation exported almost 5 thousand tons of milk powder, which is 2.5 times more than in the same period last year, reports the Agroexport center under the Ministry of Agriculture. “One of the main growth drivers was supplies to Algeria, which began at the end of last year. In 2024, this country became one of the largest buyers of Russian milk powder,” the statement says. According to preliminary data, in the first 4 months of this year, Russian exporters shipped more than 1.2 thousand tons of milk powder to Algeria. This entire volume was accounted for by skimmed milk powder (SMP). “Thus, Algeria ranks second among the largest buyers of Russian milk powder after Kazakhstan and first among non-CIS countries,” the center reports. This country is one of the most promising markets for domestic dairy companies. The potential is determined by several factors, notes Alexey Gruzdev, General Director of Streda ...

Source: Interfax