Collapse of Ruble ex-rate changes trend of Dairy market in Russia

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).

After growth of the USD against the RUB to 70, it seemed import and even trade with Belarus is hardly possible for some period.

Traders had to reconsider prices for almost all commodity dairy products in connection with sharp falling of Ruble.

Despite setback of exchange rates recent weeks, prices will not return to previous level any more.

Presence of big stocks in the country, and absence of dependence on import (excluding those from Belarus), did not help Russian market of milk powder to remain stable.

Total agiotage in trade and dollar indicatives for Belarusian products pressed the prices.


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