Cows productivity in Russia increased by 7%, but milk prices are falling below cost
Dairy market of Russia is going down during two months already. Prices for milk and dairy products are stably falling.
Dairy market of Russia is going down during two months already. Prices for milk and dairy products are stably falling.
Beginning of the new season does not make the milk operators happy. They have no markets to direct the surplus of milk.
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.
The Belorussian government decided to decline export-floor prices.
The next round of considerable devaluation of UAH was the key February event for Ukrainian operators of dairy market. Exports of some dairy products became favourable again considering stability of the milk prices.
The market of dairy commodities reached ceiling in Russia.
Fonterra’s Global Dairy Trade for dairy products saw prices rise by 10.1% in the latest auction, which took place today (Tuesday).
51 per cent of Russians have cut their food spending. This data has been provided by the survey performed by the Public Opinion Fund.
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.