In October 2023, Ukraine increased imports of cheese by 70% and butter by 14% in monetary terms, the press service of the Union of Dairy Enterprises of Ukraine reported.
According to the report, in October of this year, 27 thousand tons of cheese were imported compared to 28.6 thousand tons in the same period last year, but more money was spent on its import – $160 million against $150 million.
“Imports of butter increased significantly, by 62% by weight, and the share of expenditures on it increased 10 times compared to last year,” analysts stated.
They noted that in the dynamics of cheese imports in the last three months there has been a moderate increase, which indicates increased competition in the domestic cheese market. The 14-fold increase in butter imports over the same three months led to a negative balance in international trade.
