Danone confirmed its plans to invest into Russia
Danone Russia Company Group has completed the first stage of the Yalutorovsk dairy plant’s reconstruction; the reconstruction process included the construction of the modern curd-manufacturing line.
Danone Russia Company Group has completed the first stage of the Yalutorovsk dairy plant’s reconstruction; the reconstruction process included the construction of the modern curd-manufacturing line.
Market of raw milk has started to work at habitual schedule after New Year’s holidays.
Devaluation of Russian ruble very painfully affects Belarusians. It did not turn out to overcome it by switching from RUB to USD in trade.
International demand for dairy products has bottomed out and there are already signs that markets are starting to improve slightly, according to Arla Vice President Frede Juulsen.
Conditions are not improving on Ukrainian whey powder market. Demand is weak, or absolutely absent.
The situation became aggravated for Russian traders/operators. They have two problems now: devaluation which makes import noncompetitive (even from Belarus), and deficiency of means.
In conditions of abolished subsidies and, as a result, grown cost of milk, producers of fresh milk products decided to increase the prices more essentially, than before.
Russian dairy market entered this year with many problems: high rate of inflation, ruble devaluation, growth of credit rates, etc. Now the situation is aggravated, and forecasts for the current year force operators to lay essential risks in production and processing.
Russian economic problems affect Belarus, therefore this year will also be heavy for it. Devaluation of Russian ruble influences Belarusian currency which is dependent on exchange rate in neighbor country.
Dairy prices rose again at the GlobalDairyTrade auction overnight, on the back of an increase in the value of milk powder.