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The EU chooses cheap butter from New Zealand and Ukrainian exports are falling

Published Nov 9, 2024

Tridge summary

In October 2024, Ukraine saw a 5% decrease in the export of dairy products due to a raw milk shortage and the impact of the international market. Despite this, exports are still 3% higher than October 2023. The country exported 9.10 thousand tons of dairy products worth 25.40 million dollars, with butter and cheeses being the main exports. Milk and cream exports saw a 3% decrease but revenue increased by 3%. Condensed milk exports grew by 6% over the year. Import of dairy products in October was 3% less compared to September.

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

Original content

In October 2024, Ukraine continued to reduce the export of dairy products due to the shortage of raw milk and the negative impact of changes in the international market. According to Georgy Kukhaleishvili, an analyst of the Association of Milk Producers, these factors led to a 5% decrease in the total volume of exports of dairy products compared to September, which, however, is still 3% higher than in October last year. According to the State Statistics Service, in October Ukraine exported 9.10 thousand tons of dairy products worth 25.40 million dollars. The main export categories during this period were butter, cheeses, condensed milk and casein. Butter and cheeses accounted for 24% in monetary terms, while condensed milk and casein accounted for 21% and 13%, respectively. Exports of milk and cream in October decreased by 3% compared to September, but revenue increased by 3%. During January-October 2024, natural exports of these products decreased by 2%, while revenue increased ...

Source: Agravery