Dairy food exports from Ukraine in September shrank by 40% YoY, to $18.3 million, which was the lowest rate ever reported.
“A significant drop in the prices of creamery butter and powdered milk on the world market led to the fact that Ukraine had the lowest export revenue from the sale of dairy products in September, namely $18.3 million (down by 21.8% MoM and by 40% YoY),” the Milk Producers Association’s press service said.
Experts say dried milk and creamery butter exports that accounted for the lion’s share of revenue in 2017 fell the most (by 48.5% and 50.2%, respectively).
Over the nine months of 2018, milk and cream exports totaled 15,500 tons, up by 86.6% YoY. Their shipments in monetary terms stood at $11 million, up by 90.3%. Key sales markets were Moldova, accounting for 25.1% of all supplies, Libya (20.8%), and Poland (23%).
Ukraine received $48 million in revenue from exports of condensed milk and cream in January-September 2018, down by 24.6% YoY. Exports of these products in physical terms were estimated at 29,000 tons, down by 21.5%. Noteworthy, shipments of condensed milk and cream to Bangladesh totaled $7.5 million, while those to Kazakhstan stood at $6 million.
At the same time, exports of fermented milk products in January-September increased the most, to $6.5 million, or by 120% YoY. These exports in physical terms totaled 4,000 tons, up 1.5-fold (49.7%). Major buyers of Ukrainian fermented milk were Kazakhstan ($6 million) and Moldova ($1.8 million).
Over the period under review, milk whey exports fell by 7.5%, to 23,500 tons. Exports in monetary terms stood at $15.8 million, or by 20.4%, experts said. (UNIAN/Business World Magazine)
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