Ukrainian cheese is already more expensive than imported cheese and this is not the limit: the reasons are given

Published Dec 5, 2024

Tridge summary

Ukraine is experiencing a surge in domestic cheese prices, with producers planning to increase prices by 10% from December 1 due to rising dairy raw material costs. However, retail chains are resistant to these requests, leading to potential accumulated losses for cheesemakers. The high cost of raw materials has also made imported cheese more affordable, likely dominating the Ukrainian market ahead of the holidays. Additionally, the price of extra-grade milk has significantly increased, with the average purchase price now at 18.95 hryvnias per kilogram, and the cost of raw milk potentially set to rise further due to increased demand for butter in foreign markets.

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

Original content

Prices for domestic cheese in Ukraine are constantly growing. Producers complain about the constant increase in the price of dairy raw materials. The publication Infagro writes that the majority of producers plan to immediately increase the price of cheese by 10% from December 1. At the same time, retail chains are reluctant to make concessions to suppliers. In the current situation, cheesemakers will have to accumulate losses for the time being, because raw materials have already risen in price by more than 40%. At the same time, the cost price of imported cheese is lower than that of the Ukrainian product, so it can be expected that before the holidays, European producers will occupy most of the Ukrainian market. The analyst of the Association of Milk Producers, Georgy Kukhaleishvili, noted that the average purchase price of extra-grade milk increased by 1.25 hryvnias, compared to the first half of October, and reached 18.95 hryvnias per kilogram. According to him, the prices ...

Source: Unian