Revaluation of the Ukrainian hryvnia in 2019 put pressure on dairy exporters - Maxim Fasteev
- And the process of devaluation has eased the tension of the world market a little, - he noted – However, there was not a very significant deviation, about 7-8%, within the two-month deviation. This is not critical for the market, but a further smooth devaluation is planned in the budget by the end of the year, and this is a logical process.
The expert also noted that this has not affected the Russian market yet.
"Because enough supplies were accumulated", Fasteev said. – And this happened at a time when production is growing, plus the seasonal growth factor. In other words, apart from Belarus, there were no plans for any import receipts that could seriously affect the market in the coming months, starting in April. But if we take macro trends, the devaluation will affect demand. Processors, taking into account the import components of the packaging, will either raise the cost of finished products, or will have to lower the margin.
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