Ukraine: Producers of fresh milk products increase the prices
In conditions of abolished subsidies and, as a result, grown cost of milk, producers of fresh milk products decided to increase the prices more essentially, than before.
In conditions of abolished subsidies and, as a result, grown cost of milk, producers of fresh milk products decided to increase the prices more essentially, than before.
Russian economic problems affect Belarus, therefore this year will also be heavy for it. Devaluation of Russian ruble influences Belarusian currency which is dependent on exchange rate in neighbor country.
Dairy prices rose again at the GlobalDairyTrade auction overnight, on the back of an increase in the value of milk powder.
The current Russian embargo on countries in the EU and other nations has been discussed thoroughly in the industry as it has been placing downward pressure on global wholesale prices.
In the end of the year Belarus could arrange with Russia a renewal of deliveries.
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).
Dairy prices “will remain under pressure” next year despite the prospect of a sharp fall in milk production growth, US officials said, undermining any hopes that a late-year revival in values may signal the start of a recovery.
With Festive season in sight, the dairy market of Ukraine traditionally becomes more active in the middle of December. At this time the prices for milk and dairy products usually grow, due to seasonally low production volume.
Demand for fresh milk products does not grow in Ukraine. Ukrainians even began to buy less of processed milk. It confirms once again a stable decrease of purchasing power in the country.
In conditions of total trading ban of Russia and price decline on the world dairy market, only seasonal reduction of milk production”rescues” the Ukrainian operators.