Business news from Ukraine

Revenue from export of dairy products from Ukraine in September reached record

6 October , 2022  

Revenue from the export of dairy products from Ukraine in September reached a record since the beginning of the year – $35.9 million, which is 9.2% more than in August 2022, and 2.45 times more than in September 2021.

According to the website of the Association of Milk Producers, such growth was facilitated by high export prices for dairy products and the preferential regime introduced by the EU for the export and transit of Ukrainian goods.

It is specified that in September Ukraine exported 4,900 tonnes of milk powder (more by 51% compared to August 2022) in the amount of $15.8 million (more by 39.8%), 1,100 tonnes of cheese (up 8.9%) worth $5.08 million (up 3.7%), as well as 327 tonnes of fermented milk products (up 19.6%).

At the same time, foreign supplies of butter in September decreased to 1,960 tonnes (down 8.25% compared to August) for a total of $11.3 million (down 5.7%), milk and whole cream – to 2,650 tonnes (down 25.7%) for $1.37 million (down 28.1%).

According to the union, whey exports fell to 1,960 tonnes in September due to problems with its delivery to the largest buyers in China and Malaysia, caused by Russian aggression.

The association clarified that the total import of dairy products to Ukraine in September decreased by 19% compared to August due to the cheap hryvnia. In general, dairy products worth $16.3 million were imported to Ukraine during the month.

It also underlined that a seasonal reduction in dairy exports should be expected in October, but its figures will still be high compared to last year.

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