In Ukraine, following the European Union, butter prices continue to rise, with prices in Europe reaching record levels, according to Infagro, an industry analytical agency.
“Not all Ukrainian butter producers can take advantage of the opportunity to make good money on butter exports, as it was in 2022. There is currently a physical lack of raw materials to produce large volumes,” the analysts said.
According to their information, due to rising prices and a number of other factors, butter production decreased slightly in August. This will be followed by a decline in production of this commodity due to a lack of raw materials at affordable prices.
They noted that domestic butter prices are also rising alongside export prices, albeit with a certain lag. Butter prices will continue to rise, at least domestically. Analysts predict a price collapse in foreign trade in mid-autumn.
Infagro noted that the production of spreads and vegetable-cream mixtures is currently stable, but should increase in the near future. Demand for alternative milk fats will increase given the current price of butter.
