Increased demand abroad: export prices for dairy products are rising at BUCE
Photo is illustrative in nature. From open sources.
January 13, MINSK . An upward price trend was observed at the EXPORT exchange trades of dairy products in the fourth quarter of 2024
, due to increased demand from foreign buyers for most items in this product group, BELTA learned from the press service of the Belarusian Universal Commodity Exchange. In particular, the exchange quotation for dry skim MILK for October-December 2024 increased by 22% (to 257 Russian rubles per 1 kg) for deliveries to RUSSIA and by 12% (to $2.47 per 1 kg) for deliveries to the EAEU , the CIS and third countries. A slight decrease in price was characteristic only of butter due to increased competition in the key sales market for Belarus - the Russian Federation, which, in order to curb inflation, has significantly increased butter supplies from countries such as India, Iran and Turkey . As a result, by the end of 2024, the average weighted exchange quotation for 72.5% fat butter was 731 Russian rubles per 1 kg, and for 82.5% fat butter - 801 Russian rubles per 1 kg.
"Prices at exchange trades were formed in accordance with the market situation and in most cases exceeded the indicative values established by the working group under the Ministry of Agriculture. At the same time, up to six foreign buyers competed for some lots, which allowed domestic milk processing enterprises to receive additional revenue even during periods of low demand," the press service of BUCE said.
In 2024, Belarusian exporters sold over 181 thousand tons of dairy products through BUCE, which is almost nine times more than in 2023. The main supply destinations were the CIS countries, Georgia, CHINA , Mongolia, the UAE, Serbia, Singapore and Turkey.
The Belarusian Universal Commodity Exchange was established in 2004. The first trades took place in June 2005. The Belarusian Universal Commodity Exchange is one of the largest commodity exchanges in Eastern Europe. The main function of the exchange is to assist Belarusian enterprises in exporting their products and to assist foreign companies in entering the Belarusian market. The exchange sells metal, timber, agricultural products , industrial and consumer goods of a wide range.
, due to increased demand from foreign buyers for most items in this product group, BELTA learned from the press service of the Belarusian Universal Commodity Exchange. In particular, the exchange quotation for dry skim MILK for October-December 2024 increased by 22% (to 257 Russian rubles per 1 kg) for deliveries to RUSSIA and by 12% (to $2.47 per 1 kg) for deliveries to the EAEU , the CIS and third countries. A slight decrease in price was characteristic only of butter due to increased competition in the key sales market for Belarus - the Russian Federation, which, in order to curb inflation, has significantly increased butter supplies from countries such as India, Iran and Turkey . As a result, by the end of 2024, the average weighted exchange quotation for 72.5% fat butter was 731 Russian rubles per 1 kg, and for 82.5% fat butter - 801 Russian rubles per 1 kg.
"Prices at exchange trades were formed in accordance with the market situation and in most cases exceeded the indicative values established by the working group under the Ministry of Agriculture. At the same time, up to six foreign buyers competed for some lots, which allowed domestic milk processing enterprises to receive additional revenue even during periods of low demand," the press service of BUCE said.
In 2024, Belarusian exporters sold over 181 thousand tons of dairy products through BUCE, which is almost nine times more than in 2023. The main supply destinations were the CIS countries, Georgia, CHINA , Mongolia, the UAE, Serbia, Singapore and Turkey.
The Belarusian Universal Commodity Exchange was established in 2004. The first trades took place in June 2005. The Belarusian Universal Commodity Exchange is one of the largest commodity exchanges in Eastern Europe. The main function of the exchange is to assist Belarusian enterprises in exporting their products and to assist foreign companies in entering the Belarusian market. The exchange sells metal, timber, agricultural products , industrial and consumer goods of a wide range.
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