Russian and Belarusian cheesemakers get super profit

Russian and Belarusian manufacturers of cheeses gained from trading embargo of Moscow the most.
Russian and Belarusian manufacturers of cheeses gained from trading embargo of Moscow the most.
The Russian dairy sector and dairy processors feel the increasing burden of cheap milk imports from Belarus. The price of unprocessed milk is put under pressure by the imports, the price of milk powder is on the rise.
Despite large stocks, the prices for butter have ceased to grow, even their strengthening is observed in Ukraine.
America’s love of butter is making shoppers feel tight around the money belt as the price of the creamy yellow stuff soars.
Serious agiotage on Russian dairy market by reason of import restrictions strained already difficult situation for a few weeks.
Considerably increased production of butter and SMP, termination of deliveries to Russia and inadequate attitude of Agrarian Fund (absence of promised purchases) influence formation of very low prices for the product in Ukraine.
Despite seasonal decrease of milk production and its shortage in first half of August, the prices for it have stabilized on Ukrainian market.
The European Commission has announced today that it will open Private Storage Aid for butter, Skimmed Milk Powder (SMP) and certain cheeses in order to alleviate the impact ofRussian restrictions on imports of EU dairyproducts and to limit the negative effects on the internal market.
The prices of milk did not react to the events yet. Some traders just started to demand their increase, forecasting shortage of milk and dairy products.
As a result of ban on dairy products a surge of activity is observed on Russian market.