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24 October 2017

News

04.10.2017

Ukrainian butter exports are at record level

In the first eight months of the current year, the butter exports from Ukraine totaled almost 18 thous. tons - an absolute record for the last ten years. This volume is already 1,5 times more than the exports for the whole last year. At the same time, in 2016, 12 thous. tons of butter were exported abroad.

Turkey, Georgia, Kazakhstan and Moldova became the main consumers of Ukrainian butter. However, this year Ukraine is expanding its presence on the EU market. For the whole last year, 741 tons of these products were exported to the countries of the European Union, however, in the first half of 2017, the  butter exports to the EU amounted to 1,3 thous. tons, and we recall that the semi-annual quota for duty-free exports is 900 tons. Thus, Ukraine has already delivered to the EU countries 400 tons more than the size of the quota, and exports continue even taking into account the payment of an additional duty of 10%. By the end of the year, the quota will be used by 100%.

“The main advantage of Ukrainian butter on the European market is its price. On average, Ukraine sells butter to Europe at the price of USD 4.3 / kg, while the average cost of butter procured by EU countries is USD 4.8 - 5.4 / kg,” – noted Daria Grytsenko, analyst of agricultural markets of the Association “Ukrainian Agribusiness Club”.

 

 




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