It will not be cheaper: what will happen to the price of butter

08 September 2022, 16:45 | Economy
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In Ukraine, food prices are rising due to the military invasion of Russia and hostilities. Ukrainians start stocking food for the winter to save money. Butter will not go down in price either, writes infagro.

Why the price of butter will rise.

The July devaluation of the hryvnia and significant export volumes significantly affect the growth of domestic prices for oil, despite the stability of the export value of the commodity.

It is noted that 82% and peasant oil will rise in price, but due to the insignificant volumes of its exports, this increase is relatively insignificant.. 73% oil export is limited, and the range of external sales prices is quite wide. In September, 73% oil will continue to rise in price, but gradually.

“That is, butter in Ukraine will no longer be cheap under any circumstances, and 82% of the product in the off-season may even be in short supply. But at the same time, the supply of peasant oil will be high with moderate prices, which to a certain extent will contribute to the substitution for retail,” the message says..

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Recently, the production of butter has even exceeded the figures for the same period last year..

The market balances with significant exports and no imports. Butter consumption, like other dairy products, is reported to have been reduced by 20%..

It is noted that oil prices for many Ukrainians this year may become too high, so this category of consumers will be forced to switch to cheaper fats..

Recall that milk production in Ukraine is decreasing due to the war and a decrease in the number of cows, a change in their diet and the number of milkings..




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