20:28 11.10.2024

Milk processors urge govt intervention in market situation

1 min read
Milk processors urge govt intervention in market situation

The 30% rise in the price of raw milk in October 2024 compared to the same period in 2023 has reduced the competitiveness of Ukrainian dairy products, according to the Union of Dairy Enterprises of Ukraine.

"Significant price spikes over a short period indicate an imbalance in the raw milk market in Ukraine. The rise in raw milk prices negatively impacts the competitiveness of Ukrainian dairy products and the efficiency of dairy processing plants. Domestic consumers are also affected, as they are forced to reduce their consumption of dairy products due to the price increase," the analysts said.

The Union believes that the raw milk market situation, which has now occurred for the second year in a row, requires immediate government intervention. It is necessary to stimulate the development of dairy farming in its industrial segment to quickly increase the volume of raw milk available for industrial processing.

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