From Monday, 29 companies in New Zealand are allowed to supply dairy product ingredients to Russia. That is according to a statement of the Federal Service for Veterinary and Phytosanitary Surveillance /Rosselkhoznadzor/.
Global consumption of dairy products is set to increase by 2.3% per annum over the next decade with output increasing by 1.8% during the same time period.
Weakening of Ruble has not especially influenced the market of milk powder in Russia. Operators traditionally use Russian and Belarusian products.
Autumn is at the height, but demand for milk powder and butter is not high in Russia, which was not observed last years.
China’s whole milk powder (WMP) imports have fallen below year earlier levels for the first time since August 2013 according to DairyCo.
There are almost no changes on whey powder market in October. Western traders and importers from the Post-Soviet countries do not change price policy and do not indulge by big volume contracts.
After notable jump in prices for commodity products in August, they stopped the growth in the beginning of September.
More milk is being processed into powders and butter according to the European Commission’slatest outlook.
Despite large stocks, the prices for butter have ceased to grow, even their strengthening is observed in Ukraine.
Serious agiotage on Russian dairy market by reason of import restrictions strained already difficult situation for a few weeks.