Business news from Ukraine

UKRAINIAN MILK PRODUCERS SHOULD FIND MARKETS TO EXPORT 800,000 TONNES OF MILK – EXPERT

2 March , 2016  

KYIV. March 2 (Interfax-Ukraine) – Ukrainian dairy producers should find markets to export around 800,000 tonnes of milk to prevent the decline and stabilization of prices of dairy products, economist of the technical cooperation department of the Food and Agriculture Organization of the United Nations (UN FAO) Andriy Yarmak has said.

“Today we have around 700,000-800,000 tonnes of milk that should be removed from the market not to press on prices… Everything looks like that the prices of raw milk could considerably fall in coming months,” he said.

The expert said that the latest Gulfood exhibition in Dubai showed that Ukrainian dairy producers understand the importance of the issue, as almost all Ukrainian producers took part in the exhibition.

“Work is being done. We, on the part of FAO and EBRD [the European Bank for Reconstruction and Development] last year created the trade mission to Hong Kong, and in late March the mission to Taiwan will depart. Now we’ve studied Africa south of the Sahara – this is the region that now develops most of all from the point of consumption of dairy products. We hope that in the next two months the trade mission will be sent there too,” Yarmak said.

He said that despite the work on searching for new markets, the reduction in the number of dairy farms is inevitable.