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Milk price in Ukraine increased by 20% over two months

Milk price in Ukraine increased by 20% over two monthsHryvnia devaluation is among the reasons that led to the rise in the production cost.

Within two months, the milk purchase price has increased by 20% with the trend to remain by the end of the year, according to the Milk Producers Association.

The Milk Producers Association reported that in early August, a kilo of extra milk cost on average UAH 5.83, and in the late October, the price of this product increased to UAH 7.21.

Premium Milk has risen during this period from UAH 5.72 to UAH 6.78 per kg, first class milk from UAH 5.65 to UAH 6.65 per kg.

According to the analyst Yana Muzychenko, among the reasons that led to the rise in price of the product is an increase in production costs due to the devaluation of the hryvnia, the seasonal factor, the growth in export demand and higher prices for animal feed.

The expert suggested the prices for milk will continue to grow until the end of the year. Other experts believe that the price of raw milk will increase by 10% to UAH 8 per liter of extra milk.
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