05 December 2016, Monday, 17:08 55

UCAB Expects Milk Prices To Rise By 5-10%, Meat Prices By 7-10% In December, Compared With November

The Ukrainian Agrarian Business Club association (UCAB) expects milk prices to rise by 5-10% and meat prices by 7-10% in December, compared with November prices.

The association announced this in a statement, Ukrainian News Agency reports.

"Milk prices are forecast to rise by 5-10% in December, which is due primarily to the rising cost of raw milk and the seasonal fall in production," the association said in the statement.

According to the statement, milk prices rose significantly in November, compared with October, for the same reasons.

"Demand for meat from the population and processing plants will increase in December because of the approaching Christmas holidays, which will provoke a 7-10% rise in prices," the statement said.

Analyzing sugar prices in the past month, the association linked the increase in sugar prices to the fact that products of the new marketing year, the cost of which is higher compared to last marketing year, have begun flowing onto the consumer market.

As Ukrainian News Agency earlier reported, the weighted average price of sugar rose by 6.56% or UAH 0.92 to UAH 14.94 per kilogram from October 31 to November 30.

In addition, the weighted average price of milk increased by 7.46% or UAH 1 to UAH 14.54 per kilogram last month.

Prices of butter with 72-73% fat content increased by 7.2% or UAH 8.67 to UAH 128.94 per kilogram, prices of sour cream with 15% fat content increased by 5.7% or UAH 2 to UAH 37.07 per kilogram, and prices of cottage cheese with 9% fat content increased by 4.7% or UAH 3.5 to UAH 77.95 per kilogram.

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