Belarus reduces export-floor prices

The Belorussian government decided to decline export-floor prices.
The Belorussian government decided to decline export-floor prices.
The end of quotas frees efficient European dairy farms to expand.
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.
On February 13 there was press conference of the Minister of Agriculture and the Food of Belarus Leonid Zayats.
Fonterra’s Global Dairy Trade for dairy products saw prices rise by 10.1% in the latest auction, which took place today (Tuesday).
Devaluation of Russian ruble very painfully affects Belarusians. It did not turn out to overcome it by switching from RUB to USD in trade.
Conditions are not improving on Ukrainian whey powder market. Demand is weak, or absolutely absent.
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.
Ukraine supplied 19,460 tonnes of cheese to foreign markets in 2014, three times down on the previous year (59,000 tonnes).
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.