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.
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Danone confirmed its plans to invest into Russia
Danone Russia Company Group has completed the first stage of the Yalutorovsk dairy plant’s reconstruction; the reconstruction process included the construction of the modern curd-manufacturing line.
Stocks of butter are reducing quickly in Russia
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.
Prices for dairy products grew by 16.9% in 2014 in comparison with 2013 in Russia
Russian dairy market entered this year with many problems: high rate of inflation, ruble devaluation, growth of credit rates, etc. Now the situation is aggravated, and forecasts for the current year force operators to lay essential risks in production and processing.
Russian economic problems affect Belarus
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.
The price of raw milk in Russia is on record level
Because of limited import of dairy products, an increased demand is still felt on the market of raw milk.
What is the effect of the Russian embargo on Russia?
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.
Russia removes Belarussian dairy import ban
In the end of the year Belarus could arrange with Russia a renewal of deliveries.
Russian farmers had increased milk production
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.
Collapse of Ruble ex-rate changes trend of Dairy market in Russia
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).