Export market for Whey in Uruguay (12월, 2022)

The global demand for dairy products is on the rise, with milk production surpassing 800 million tons. However, production growth is slowing down in six traditionally export-oriented countries, presenting Russia with an opportunity to increase its export share. The cost of producing raw milk has risen significantly, along with its price, due to factors such as the special military operation, increased energy and mineral fertilizer costs, COVID-19, and the ESG agenda. The UN FAO forecasts a 1.8% annual growth rate for the dairy market in the next decade. Despite challenges such as a strong ruble, stagnant exports, and potential efficiency Decrease in the sectors of marketable milk and dairy products, Soyuzmoloko expects a balanced market in 2022 with stagnant demand for dairy products and increased production. The weakening of the ruble could potentially boost exports to non-CIS countries and the post-Soviet space.