What is the effect of the Russian embargo on Russia?
The current Russian embargo on countries in the EU and other nations has been discussed thoroughly in the industry as it has been placing downward pressure on global wholesale prices.
The current Russian embargo on countries in the EU and other nations has been discussed thoroughly in the industry as it has been placing downward pressure on global wholesale prices.
Demand for condensed milk grew on the eve of holidays, though not soconsiderably, as previous years.
In the end of the year Belarus could arrange with Russia a renewal of deliveries.
Data on production of dairy products in Russia confirm the general tendencies which are observed in the market: at the expense of reduction in production of fresh milk products, processors were able to increase the production of cheeses, cheese products, milk powder and butter.
Russian business got real shock in the second half of December. There was very sharp collapse of the RUB on “black Monday and Tuesday” (December, 15 – 16).
This year was very difficult for Ukrainian dairy operators, as well as for whole country. It is not surprising, because there are war and economic crisis in the country.
Dairy prices “will remain under pressure” next year despite the prospect of a sharp fall in milk production growth, US officials said, undermining any hopes that a late-year revival in values may signal the start of a recovery.
With Festive season in sight, the dairy market of Ukraine traditionally becomes more active in the middle of December. At this time the prices for milk and dairy products usually grow, due to seasonally low production volume.
Weakening of Ruble has not especially influenced the market of milk powder in Russia. Operators traditionally use Russian and Belarusian products.
Against the background of negative economic situation in the country, it cannot be definitely said that the dairy branch is in very bad situation today.