Artem Belov: in the medium term, there is still a risk of reducing milk consumption
Источник: The DairyNews
CEO of Soyuzmoloko Artem Belov at the international forum Seymartec-2020 called the trends of the dairy market, writes The DairyNews
According to the data provided by the General Director of the Union, the decline in income of the Russian population due to the pandemic in the first half of 2020 amounted to 3.7%, which affected the consumer's purchasing power.
‘In the medium term, there is still a risk of reducing the consumption of dairy products. The dynamics of the commodity sector development should continue. The priority is also the development of domestic production of milk-intensive product categories,’ said Artem Belov.
The expert also noted exports – in the event of a drop in domestic demand for dairy products, deliveries to foreign markets could be used as an additional sales channel.
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