Dairy processors’ losses in 2024 may reach UAH 1B – experts
According to preliminary estimates, in Ukraine, losses of dairy processors in 2024 may amount to about UAH 1 billion. This was reported on Facebook by the Union of Dairy Enterprises of Ukraine (UDEU), Ukrinform reports. According to UDEU experts, the reasons for this phenomenon are a sharp and significant increase in the cost of raw milk, which lasted several months. In addition, demand has decreased due to a decrease in consumer purchasing power, as well as prices for major export products, namely butter and milk powder, which made exports unprofitable. “In the current situation, the UDEU considers it necessary to…