Belarusians continue to dump on Russian market.
Decline of prices for cheeses, which was observed in Russia in April, was slowed down in the first half of May. But the general tendency is not changed yet – cheeses continue to become cheaper.
Ukraine exported 69,000 tonnes of milk and dairy foods in January through March 2015, with an annual export potential projected at 300,000 tonnes, the interagency ad hoc group under the Ukrainian Economic Development and Trade Ministry has said.
In Russia the production of whey powder is increasing every month in comparison with similar period of last year.
Dairy prices suffered their biggest loss at GlobalDairyTrade since 2010, taking them nearly back to where they started the year, as ideas of New Zealand drought and Chinese buying evaporated.
Decline of consumer demand is more influencing wholesale prices of cheeses.
Fonterra’s Global Dairy Trade for dairy products saw prices rise by 10.1% in the latest auction, which took place today (Tuesday).
New Zealand-based Fonterra Co-operative Group Limited has commissioned its new dairy ingredients plant in Heerenveen, in the north of the Netherlands.
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.