Prices for 72.5% butter have declined by 10-15% for two weeks in Russia

In the end of January some traders decided to sell out the products at lowered prices.
In the end of January some traders decided to sell out the products at lowered prices.
Market of raw milk has started to work at habitual schedule after New Year’s holidays.
Conditions are not improving on Ukrainian whey powder market. Demand is weak, or absolutely absent.
The situation became aggravated for Russian traders/operators. They have two problems now: devaluation which makes import noncompetitive (even from Belarus), and deficiency of means.
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.
Because of limited import of dairy products, an increased demand is still felt on the market of raw milk.
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.
Demand for condensed milk grew on the eve of holidays, though not soconsiderably, as previous years.
Data on production of dairy products in Russia confirm the general tendencies which are observed in the market: at the expense of reduction in production of fresh milk products, processors were able to increase the production of cheeses, cheese products, milk powder and butter.
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.