Prices for butter do not decline anymore in Russia. It occurred not because of increased consumer demand. 

Russia and Belarus announced dates and volumes of state purchases, therefore operators took waiting attitude.

Russian Reserve intends to move 11 ths t of butter from the market this year. And registration of tenders has already begun.

Formation of Stabilisation fund is already in full swing in Belarus. USD 35 mio are allocated to Meat-and-Milk Company for purchases of butter. So, it will be possible to get rid of a half of stocks which are estimated at 15 ths t for today.

For now the prices for 72.5% butter remain at RUR 160-170/kg.

Source: infagro.com.ua