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UKRAINIAN DAIRY MARKET

AGRO PERSPECTIVE AGRO+ MILK UKRAINE #117 May 10, 2012.

UAH official exchange rate (up to National Bank of Ukraine) against

several foreign currencies
 

10.0  5  .2012

04  .0  5  .2012

26.04.2012

19.04.2012

100  US$

798,8900

798,9900

798,7700

798,5000

100 EUR

1040,5542

1048,5146

1054,8557

1045,4761

10 RUB

2,6802

2,7118

2,7265

2,7070

100 KZT

5,4001

5,4033

5,4062

5,4084

As of this week, country domestic market faced decline of most dairy products prices, — what is to be explained mainly with producers warehouses having become overstocked with unsold dairy products within recent May holidays characterized with very low sale rates.

Thus, within this week Ukrainian domestic/export markets butter prices have lowered: thus, Ukrainian domestic market block butter (72.5%, DSTU) prices have sagged to UAH33–36 per kg (down 1.4% against previous week), export market — to US$3,100–3,500 per MT (down 2.9% as of last week). Within this week Ukrainian domestic/export markets butter demand has got slackened against previous week. Within this week producers unsold butter reserves have grown against previous week.

Within reporting week Ukrainian home/foreign markets SMP prices have declined: thus, this week SMP home market prices have lowered to UAH20–24 per kg, down 4.4% against previous week (export — to US$2,200–2,600 per MT, down 4.0% as of last week).

As earlier, within this week Ukrainian home market SMP sale rates remained low.

In meanwhile, within reporting week Ukrainian internal market casein prices have sagged to UAH64–70 per kg, down 5.0% against previous week. This week external market prices ranged within US$6,500–7,000 per MT. It is to be admitted, within this week Ukrainian external market casein demand was low. As of this week, our country casein output faced seasonal growth; besides, producers casein unsold reserves have boosted against previous week.

As earlier, within this week Ukrainian domestic/export casein markets were pressed down by Belarus casein export low prices/high offer.

Within reporting week Ukrainian domestic/export markets cheese prices remained unchanged against previous week: thus, domestic market cheese prices ranged within

UAH47–54 per kg (export — US$5,300–5,900 per MT). As of this week, Ukrainian producers unsold cheese reserves continued growing. Ukrainian producers didnt make any cheese shipments to RF within this week as RF authorities still havent given them permissions.

Within reporting week Ukrainian internal/foreign markets WMP demand remained slack; so this week WMP prices remained unchanged as of last week: internal market — UAH36–37 per kg, foreign market — US$3,500–3,600 per MT. There were no domestic/export WMP sales within this week.

Within reporting week Ukrainian home/export markets whey prices have fallen: thus, home market demineralized whey prices have sagged to UAH8,50–9,2 per kg, down 6.4% against previous week (export — to US$860–900 per MT, down 4.9% as of last week); domestic market classic whey prices have lowered to UAH7,8–8,2 per kg, down 8.1% against previous week (export — to US$800–850 per MT, down 2.4% as of last week).

As of this week, producers unsold whey reserves have grown against previous week.

It is to be admitted, within this week Ukrainian export market whey demand was very low (esp. demineralized whey).

As earlier, within this week Ukrainian whey output faced seasonal growth.

Ukrainian dairy products domestic market prices,

EXW plant (UAH per MT, incl. VAT )

Article

10.05. 20  12

04.05. 20  12

Apr 2012

Mar 2012

Apr 2011

MIN

MAX

MIN

MAX

SMP

20,000

24,000

21,000

25,000

22,625

26,200

24,875

WMP

=

36,000

37000

36,000

37,000

36,500

36,500

35,250

Block butter (72,5%, DSTU )

33,000

36,000

34,000

36,000

33,750

36,800

32,875

Hard full-fat cheeses (45–50%)

=

47,000

54,000

47,000

54000

50,625

51,700

42,875

Highest grade technical casein

64,000

70,000

68,000

73,000

71,625

76,500

72,500

Demineralized whey

8,500

9,200

9,100

9,800

9,900

11,170

-

Classic whey

7,800

8,200

8,200

9,200

9,156

10,590

-

SMP − Skimmed Milk Powder, WMP − Whole Milk Powder

Ukrainian dairy products export prices (US$ per MT)

Article

10.05. 20  12

04.05. 20  12

Apr 2012

Mar 2012

Apr 2011

MIN

MAX

MIN

MAX

SMP

2,200

2,600

2,200

2,800

2,381

2,680

2,813

WMP

=

3,500

3,600

3,500

3,600

3,550

3,550

3,650

Block butter (72,5%, DSTU )

3,100

3,500

3,300

3,500

3,363

3,550

4,200

Hard full-fat cheeses (45–50%)

=

5,300

5,900

5,300

5,900

5,613

5,720

5,263

Highest grade technical casein

6,500

7,000

7,500

7,600

7,638

8,260

8,669

Demineralized whey

860

900

900

950

968

1,116

-

Classic whey

800

850

800

890

886

1056

-

SMP − Skimmed Milk Powder, WMP − Whole Milk Powder

17.05.2012


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