By autumn 2024, the price of dairy products in Russia may increase by 7-10%. I told you this “Parliamentary newspaper” Olga Lebedinskaya, Associate Professor of the Department of Theoretical and Socio-Economic Statistics at Plekhanov Russian University of Economics.
According to him, the industry adapted at first, but now it faces a new challenge: it is necessary to meet the growing demand, that is, to modernize old capacities, which will require financial resources.
The expert also described seasonality as another challenge: the ratio of milk production in summer and winter.
In contrast, Artem Belov, President of the National Dairy Association, said that in 2023 alone, the cost of dairy products for Russian producers will increase by 16%. Consumption of these products also increased due to the real increase in the income of Russian residents. All this may also lead to increased prices of milk and dairy products.
Russians before warned The price of chocolate was increased by 15 percent.