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UKRAINIAN DAIRY MARKET

AGRO PERSPECTIVE «AGRO+ MILK UKRAINE #57 March 10, 2011.

Within reporting week Ukrainian domestic market milk powder prices have grown against previous week; at same time, cheese/whey prices remained stable.
In meanwhile, Ukrainian market operators affirm country internal market butter prices will (even despite global market tendencies) decline until end this month due to very low demand.
Within this week Ukrainian domestic market butter sale prices ranged within UAH35–37 per kg (average export price was US$4,200 per MT). 
Besides, experts say country internal market cheese prices will also go down in near future due to producers’ unsold cheese rather big reserves/raw milk output seasonal growth. It is to be admitted, domestic market cheese prices have been remaining stable within quite long time. As of this week, domestic market cheese sale rates were high (as compared to other dairy products).
As of this week, cheeses 50% fat domestic market offer prices remained UAH42–48 per kg (unchanged against last week). It is to be admitted, there were rather large spreads between prices of same kind of cheese depending on producers, regions, unsold cheese amounts remained on warehouses and cheese quality. 
This week cheeses 50% fat export prices ranged within US$5,500–5,800 per MT.                                
Within reporting week domestic market whey prices also remained stable, — UAH8,0–8,5 per kg; this week whey export prices ranged within US$900–950 per MT.
Within this week domestic market demineralized whey prices have grown to UAH9,0–9,5 per kg (up against last week UAH8,8–9,5 per kg); demineralized whey export prices fluctuated within US$1,000–1,100 per MT.    
In meanwhile, Ukrainian casein market operators affirm country casein reserves are now    almost exhausted; within this week domestic casein trade was carried out in just small lots. 
As of this week, domestic market casein prices have grown from UAH70–73 per kg up to UAH73–75 per kg. 
There was no casein export within this week. As of this week, casein export offer prices fluctuated within US$9,200–9,300 per MT.   

Ukrainian dairy products’ export prices (US$ per MT)

Article

 

10.03.2011

03.03.2011

Jan 2011

Dec 2010

Jan 2010

MIN

MAX

MIN

MAX

SMP

=

3,200

3,200

3,200

3,200

2,833

2,760

3,567

WMP

=↑

3,850

3,900

3,850

3,850

3,900

3,770

4,067

Block butter (72,5%, DSTU)

=

4,200

4,200

4,200

4,200

4,950

5,060

5,150

Hard full-fat cheeses (45–50%)

=

5,500

5,800

5,500

5,800

5,683

5,580

4,917

Highest grade technical casein

9,200

9,300

9,000

9,200

7,467

7,490

7,375

SMP − Skimmed Milk Powder, WMP − Whole Milk Powder

Ukrainian dairy products’ domestic market prices,
EXW plant (UAH per MT, incl. VAT)   

Article

 

10.03.2011

03.03.2011

Jan 2011

Dec 2010

Jan 2010

MIN

MAX

MIN

MAX

SMP

27,000

32,000

24,000

26,000

26,333

23,500

34,000

WMP

35,000

36,000

34,000

35,000

36,000

36,000

39,500

Block butter (72,5%, DSTU)

=

35,000

37,000

35,000

37,000

41,500

40,750

41,500

Hard full-fat cheeses (45–50%)

=

42,000

48,000

42,000

48,000

45,000

45,100

48,333

Highest grade technical casein

73,000

75,000

70,000

73,000

59,167

59,300

60,000

SMP − Skimmed Milk Powder, WMP − Whole Milk Powder

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

09.03.2011

02.03.2011

23.02.2011

16.02.2011

100 US$

793,5100

793,7300

793,7800

794,3500

100 EUR

1107,5019

1097,3317

1084,8591

1073,1669

10 RUB

2,8151

2,7601

2,7105

2,7125

100 KZT

5,4469

5,4402

5,4320

5,4277

23.03.2011


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