Ukraine: Milk becomes more abundant and prices are becoming cheaper

Market & Price Trends
Published Apr 14, 2024

Tridge summary

In Ukraine, the raw milk market is experiencing a downturn, with prices falling due to increased production and market surpluses prompted by a warm spring. This situation is further aggravated by a decrease in dairy exports and lower domestic consumption, especially noticeable during Lent. The competition is intensified by the influx of imported cheeses, particularly from Poland, which has ramped up its dairy production and secured a strong foothold in the Ukrainian market. These factors contribute to keeping the purchase prices of raw milk low. However, there is potential for price stabilization in early May, coinciding with Orthodox Easter when dairy consumption traditionally increases, and if the hryvnia continues to devalue, making Ukrainian dairy products more competitive abroad.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Raw milk is becoming cheaper in Ukraine due to the increase in the volume of its production in the spring and the appearance of surpluses on the market. Dairy processing enterprises need less raw materials in the conditions of a slowdown in exports and a reduction in the consumption of dairy products in the domestic market. The further devaluation of the hryvnia and the increase in the supply of dairy products to Europe may contribute to the stabilization of purchase prices, - reports the analyst of the Association of Milk Producers, Georgy Kukhaleishvili. The average purchase price of extra grade milk as of March 5 was UAH 14.38/kg without VAT, which is 12 kopecks higher. less than a month ago. The price range for this variety in farms varies from UAH 13.50 to UAH 15.00/kg without VAT. The upper limit of the price range has not changed, and the lower limit has decreased by 50 kopecks. for the last month The higher grade on average costs UAH 14.38/kg without VAT (-12 kopecks). ...
Source: Agravery
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