Ukraine reduced dairy exports by 20%

The trade turnover of foreign trade in dairy products in January-October 2020 increased by 25% compared to last year and amounted to UAH 444.1 million. This was reported by the analytical department of the Association of Milk Producers. It is noted that activity is growing solely due to increased imports (+ 124%, to $ 250.2 million), as exports fell by 20% in 10 months ($ 194 million). "The negative trade balance is growing monthly by an average of $ 7-8 million and now amounts to - $ 56.2 million. The largest loss in exports is butter - -42.4% (up to 9.4 thousand tons), the group of dry and condensed milk - -27.4% (up to 23.9 thousand tons), whole milk and cream - -23.8% (up to 16.2 thousand tons), cheese - -19.3% (up to 4.8 thousand tons). Exports of fermented milk products suffer to a lesser extent - 6.6% (up to 4.7 thousand tons), "analysts said. Serum trade shows a dynamic rate of export growth: from -40% in the first quarter to + 5.4% (up to 22.1 thousand tons) at the ...