Russian milk production may reduce by 1 mln tons in 2015
A number of factors following the results of 2014 may cause cow population decrease and milk production reduction by 1 mln tons in 2015. This is said in the National Report on Implementation of Agricultural Sector Development Program 2013-2020.
Among the factors are ruble decline and interest rates increase which may cause finished dairy products’ price increase and consumer demand drop. As a result the dairy sector is likely to face a critical situation, the milk purchase price is likely to continue falling in summer, and as a result the cow population may reduce in 2015, is said in the report.