News

Ukrainian dairy farmers predict a further increase in the price of their products during 2024

Dairy
Ukraine
Market & Price Trends
Published Feb 3, 2024

Tridge summary

The Association of Milk Producers in Ukraine anticipates a price increase for dairy products in 2024, due to a significant shortage of raw milk. The average annual purchase price for raw milk has already risen by 14% compared to 2022, largely due to losses in the livestock industry from hostilities and increased production costs. Despite these challenges, dairy farms only managed to reach pre-war supply levels in 2023. The expected price increase could be up to 10%, within the limits of inflation.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The general director of the Association of Milk Producers, Hanna Lavreniuk, said that there are currently no factors for a significant decrease in the price of dairy products, so the prices of dairy products may increase in 2024 within the limits of inflation. This is stated in the message of the association. According to her, prices may increase for fermented milk products (kefir, yogurt, sour cream, sour milk cheese), as well as hard and semi-hard cheeses. "The cost of dairy products on the shelves of domestic stores in 2023 compared to 2022 increased by 7-10% (which is within the limits of inflation), butter rose in price the most - by 40%. One of the reasons for the price increase is a significant shortage of raw milk, as a result of which the average annual purchase price for raw milk rose by 14% compared to 2022. During the two years of hostilities, the livestock industry suffered losses of almost 3 billion dollars. (destructive MFT, destroyed agricultural machinery and ...
Source: Landlord

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