Ukraine is increasing the export of dairy products despite the decrease in milk yield

Published 2024년 9월 10일

Tridge summary

In August 2024, Ukraine experienced a 10% increase in natural export volumes and a 13% rise in cash revenue for dairy products compared to July 2024, with the main exports being milk and condensed cream, butter, ice cream, and cheeses. This growth is attributed to global fat shortages, reduced milk production, rising world prices for exchange goods, and hryvnia devaluation. However, ongoing power outages limit the increase in milk processing volumes. Although Ukraine imported 2% less dairy products in August compared to the previous month, the supply of buttermilk, cheese, and ice cream increased, with imports primarily from the EU, Great Britain, Switzerland, Norway, Serbia, and Moldova. The first eight months of 2024 saw a 4% decrease in dairy product imports compared to the same period in 2023.

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

Original content

Natural export volumes increased by 10% compared to July of this year and by 13% compared to August 2023, according to the Association of Milk Producers. Cash revenue for delivered dairy products amounted to $24.92 million and increased by 13% compared to July 2024 and by 19% compared to August 2023. The main export categories in monetary terms were milk and condensed cream (26%), butter (26%), ice cream (18%) and cheeses (17%). The analyst of the Association of Milk Producers Georgiy Kukhaleishvili assumed that the increase in the volume of exports of dairy products by Ukrainian companies in August was influenced by the shortage of fats in the world, the reduction in the volume of production of raw milk in various regions, the growth of world prices for exchange goods and the devaluation of the hryvnia. "The milk fat market is unbalanced, demand exceeds supply, and butter prices are rising. Despite the increase in the price of raw milk in Ukraine, it is still inferior to European ...

Source: AgroPortal.ua