Russia: In the first half of 2021, the export of dairy products increased by 20%

Published Jul 29, 2021

Tridge summary

In the first half of 2021, Russia experienced a significant increase in agricultural exports, with dairy products seeing a 20% rise to 110 thousand tons and generating $177 million in revenue, including a 45% increase in ice cream exports to Azerbaijan. Dairy exports to Kazakhstan, Ukraine, and Belarus also increased, with the United States also showing a threefold increase in dairy imports. Overall, Russia exported over 30 million tons of agricultural products valued at $15 billion to nearly 150 countries, despite a slight decrease in Chinese purchases. Grain exports, although slightly down in volume, saw a 19% increase in earnings, led by wheat and corn shipments to Turkey and Egypt. There was also a 43% increase in fat and oil product exports, driven by higher global prices for basic vegetable oils, with Turkey being the largest buyer. These positive trends underscore Russia's growing agricultural presence in the global market.

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

Original content

Deliveries of dairy products abroad in January-June 2021 increased by 20% to 110 thousand tons. Export revenue increased by 25% to $ 177 million, and by the middle of the year, positive development is observed in all major categories of dairy products, reports the Federal State Budgetary Institution "Agroexport" under the Ministry of Agriculture of the Russian Federation. Thus, 15 thousand tons (+ 26%) worth $ 50 million (+ 30%) were shipped to foreign markets of cheese and cottage cheese. Deliveries of ice cream increased by 45% to $ 42 million (16 thousand tons), fermented milk products - by 9.2% to $ 40 million (39 thousand tons), milk and cream - by 0.3% to 27 million dollars (29 thousand tons), whey - 2.4 times to 9.5 million dollars (9 thousand tons), butter - by 16% to 7.4 million dollars (2 thousand tons) ... The main buyers of Russian dairy products are still Kazakhstan, Ukraine and Belarus. Kazakhstan increased purchases by 9.7% to $ 60 million (data on the EAEU for 5 ...

Source: Milknews