Ukraine is becoming a strong exporter of butter
Despite the hardships of the long-lasting crisis of the global dairy market, the projections for the coming decade are optimistic. In particular, the world trade of butter is expected to grow.
Despite the hardships of the long-lasting crisis of the global dairy market, the projections for the coming decade are optimistic. In particular, the world trade of butter is expected to grow.
Once Ukraine has produced huge amounts of butter and was considered one of the largest world exporters of this product. Later, production of this product significantly shrank, exports virtually ceased and all sorts of spreads and vegetable-cream mixtures appeared on the market. As a result, in 2009-2013 Ukraine became a net importer of butter. Deep […]
Both the demand for butter and butter prices are falling quicker than the increase of production. This situation was predicted long ago, but it was hard to expect that the decline would be so sharp. Butter price has plummeted 20% last month.
Considerable changes did not occur on the market of butter in second half of October. Despite low supply, demand has not strongly grown.
Recently a stability in production, growth of internal and export prices were observed on Ukrainian market of cheese. The main news is renewal of lawful deliveries of cheese from some plants to Russia.
In conditions of falling ruble the prices for butter continue strengthening on domestic market.
Generally, now many operators started to stockpile butter, believing the products will hardly be cheaper.
Bargain nonfat dry milk prices and faltering butter production could help balance markets in time.
The market of dairy commodities reached ceiling in Russia.
In the end of January some traders decided to sell out the products at lowered prices.