Cheap butter puts pressure on raw milk prices in Ukraine

Unsold exchange goods, increasing unprofitability of the milk powder/butter pair production, and declining butter prices in Europe and the world are holding back the growth of raw milk prices in Ukraine, reports Georgy Kukhaleyshvili, an analyst of the Association of Milk Producers.
The average purchase price of Extra Grade milk as of September 6 was 17.45 UAH/kg excluding VAT, which is 0.10 UAH more than in the previous month. The price range for this gr...