Butter has fallen in price by 20% for a month
Demand and prices for butter fall quicker than production increases. This situation was predicted long ago, but it was not expected that decline will be such fast. Butter has fallen in price by 20% for a month.
It seems the products will become cheaper further until they become interesting for importers. Now western traders value Ukrainian 82% butter at about USD 2400/t. Sellers psychologically are not ready to sell the products at that price and try to find buyers in Post-Soviet States.
It is still possible to sell 82% products at USD 2800-2900/t there. 72.5% butter fell in price to USD 2400-2600/t. Now it is very difficult to keep the prices even at that level, as there are many operators wishing to export to the CIS, and the market is small. Even taking into account quite high internal price, export of butter grew almost to 500t last month.
It is still possible to sell 82% products at USD 2800-2900/t there. 72.5% butter fell in price to USD 2400-2600/t. Now it is very difficult to keep the prices even at that level, as there are many operators wishing to export to the CIS, and the market is small. Even taking into account quite high internal price, export of butter grew almost to 500t last month.
Despite falling prices of external demand, export will grow quickly and considerably. The majority of producers have no necessary financial means to work for stocks.