Russia: Dairy and Products Annual
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A growing supply of milk from industrialized farms is leading to quality improvements. Despite reduced purchasing power, consumers have responded positively to improved quality and steps taken to ensure consumer confidence in labeling of dairy products. Firm demand for cheese and butter is anchoring the industry as it faces COVID-19 related economic difficulties in retail and growing operational expenses due to ruble depreciation. Production of cheese, butter, and powders is expected to grow in 2021 and offset some imports. Exports remain insignificant reflecting less competitive prices for raw milk in Russia as compared to world markets.