Ukraine's trade balance for milk loses up to $ 8 million every month

Published 2020년 11월 6일

Tridge summary

The Association of Milk Producers has reported a growing monthly trade balance deficit of $ 56.2 million, with exports experiencing significant losses in butter, dry and condensed milk, milk and uncondensed cream, and cheese, while whey and ice cream exports have seen growth. High levels of milk imports are also reported, with large increases in oil, milk and non-condensed cream, and cheeses. The majority of the monetary structure of imports is covered by cheese and butter, with Poland being the leader in the dairy trade, accounting for 29% of the total trade turnover and 43% of all imports.

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

Original content

This is reported by the analytical department of the Association of Milk Producers. “The negative trade balance monthly grows by an average of $ 7-8 million and now amounts to $ 56.2 million. The greatest losses in exports are experienced by butter - 42.4% (up to 9.4 thousand tons), dry and condensed milk - -27.4% (up to 23.9 thousand tons), milk and uncondensed cream - -23.8% (up to 16.2 thousand tons), cheese - -19.3% (up to 4.8 thousand . t). The export of fermented milk products suffers to a lesser extent - -6.6% (up to 4.7 thousand tons), ”experts note. Whey trade demonstrates dynamic export growth rates: from -40% in the first quarter to + 5.4% (up to 22.1 thousand tons) at the moment. The export of ice cream is consistently positive, which exceeds last year's indicators by 6.4% (up to 6.5 thousand tons). Export of casein in physical terms increased by 0.6% - up to 5.3 thousand tons, but in monetary terms it shows a significant increase - + 10.7% (up to $ 34.7 million) and ...

Source: AgroPortal.ua