Marketable milk production in Russia may increase by 3%

Published Jun 9, 2022

Tridge summary

The CEO of Soyuzmolok, Artem Belov, predicts a 2.5-3% increase in marketable milk production in Russia for 2022 compared to 2021, reaching 24 million tons. This growth is due to high profitability and government support, with milk imports expected to be around 5.5-6 million tons and exports at about 1 million tons. The domestic market is estimated to be around 29-30 million tons, valued at 1 trillion rubles. The dairy sector is expected to drive growth in the agricultural complex, with opportunities to increase consumption, reduce imports, and gradually increase exports of exchange-traded dairy products.

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Original content

In 2022, the production of marketable milk may increase by 2.5-3% compared to 2021, up to 24 million tons. Such a forecast was announced on the sidelines of the Russian Retail Week forum by Soyuzmolok CEO Artem Belov, TASS reports. He clarified that good profitability and government support for the industry contribute to growth. According to Belov, milk imports will be about 5.5-6 million tons in terms of raw milk, exports - about 1 million tons. Thus, the volume of the domestic market is estimated at 29-30 million tons. In physical terms, this is 1 trillion rubles ., calculated the head of the union. Given the gradual weakening of the ruble, a traditional decline in imports is expected and, possibly, in the second half of the year there will be a positive trend in exports, Belov admitted. “The dynamics in recent years has been very good, 2020 is plus 20%, last year there were actually comparable figures,” TASS quotes him. “Therefore, I think that exports for the dairy business ...

Source: AgroInvestor