Russia has reduced the import of butter by 2%

09.12.2016

According to the preliminary results of 9 months of 2016, the volume of imports of butter, dairy fats and pastes (HS 0405) was 2% below the respective last year's volumes (71,7 thousand tons against to 72.9 kt) with preservation of the downtrend that started to form in the summer months after the increase in world prices.

Cost volume of import of dairy fat in this increased by 2.3% (243,1 mln. USD vs 237,6 million USD) due to increased levels of world market prices and average contract prices of imports of dairy fat in Russian Federation July – October 2016. In the import structure of milk fat the largest share still accounts for butter (HS 040510) – 93% in the first 9 months of the current year.

The main supplier of butter to the territory of the Russian Federation is the Republic of Belarus (30% of imports in 2013 and 39% in 2014, about 78% – in 2015, in absolute terms, 80% in the first 9 months of 2016). After the introduction of Russia's special economic measures against a number of countries with the Russian market took the butter from Finland, Australia, France and several other countries. Continue to supply from New Zealand, Uruguay and Argentina, although the volume of supply decreased significantly in 2015.


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