Ukrainian dairy industry suffered a record loss

 Ukrainian dairy industry suffered a record lossThe drop of the income has been the biggest over the last six years.

Profitability of the milk production diminished by 3,5%, the economist of the Technical Cooperation Department of Food and Agriculture organization Andrii Yarmak posted on his Facebook page.

The Ukrainian Dairy Index dwindled by 3,5% in July, unlike the tendency of previous years to have dairy Index grow. Thus, in July 2015 the dairy Index in Ukraine had 3, 6% rise.

“Nominal income of the dairy production in July 2016 was 15,8% lower than in the same period last year, and 30,3% lower than average over the last 5 years ,”- Andrii Yarmak.

The lowest index would normally be in June, however in July 2016 this mark was lower among all the months over the last 6 years.

“An increase in the price of the concentrated feed contributed to the dairy index decline. However, the average purchasing milk price has also been lowered by 0,9%,” –Yarmak added.
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