Butter Prices Expected to Rise in Ukraine This Autumn

The butter market in Ukraine is stabilizing in August, despite significant stocks held by producers. Operators are not rushing to sell their products at minimum prices and are anticipating a price increase in the autumn. Some companies are stimulating sales through promotions, while others expect prices to rise. There are fewer cheap offers in the domestic market, and the lower boundary of the price range has stabilized. The external market is also supporting prices: export quotes have strengthened amid positive changes in Europe, and European prices are expected to rise even further in the autumn. Butter exports in July significantly increased due to shipments to the EU and Israel, with packaged butter making up a substantial part of the exports. The anticipated reduction in exports of vegetable-butter blends did not occur; their sales even increased thanks to shipments to post-Soviet countries. The Ukrainian market also has volumes of imported butter, mainly inexpensive packaged products from Poland and Lithuania. Experts note that the butter market is entering autumn without any indications of new price reductions, and producers are counting on improved sales opportunities in EU countries.

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