Analytical department of Association of Milk Producers of Ukraine announced this information.

The average price this week also has added 0.11UAH to 7.88 UAH/kg, which is higher than week ago. The highest price range for Extra Grade Milk is fixed in North region of Ukraine — 7.40-8.20 UAH/kg.

The average price for Higher Grade this week added 0.01 UAH/kg to 7.67 UAH/kg. The price range is fixed at the level of 7.70-8.00 UAH/kg. It corresponds to the indicators of the previous week.

The average price for Grade I milk has not changed this week — 7.42 UAH/kg. In general, prices for this Grade ranged between 6.80 and 7.80 UAH.

The influence of course of events on the global dairy market continue “to play into Ukrainian milk  produces’ hands”. Thus, according to the latest data, the FAO Dairy Price Index in June reached the level of 209 points, which is 8.3% higher than in May and 51.5% — comparing with June 2016. The Index has almost reached the highest mark over the past three years.

Prices for all dairy products, that have an impact on the Index, increased. Butter prices increased the most — by 51.2 points (14.1%) since May. The limited possibilities of dairy products exports to all major producing countries cause a significant increase of butter, cheese and skimmed milk powder prices. It also affects the growth of prices for whole milk powder.

In addition, according to IFCN data, milk prices in June reached the level of 38.4 dollars/100 kg (+6% comparing with May data). This is the highest level of prices in the last 3 years.

Accordingly, dairy products exports in the first half of 2017 has increased by 22.8% in volume terms and by 77% in value terms comparing to the corresponding period of 2016.

In the future, this trend will remain the same. It will require additional volumes of milk and at the same time stimulate growth of purchase prices.

MilkUa.info