In April 2026, Ukraine reduced its dairy exports by 14% compared to March—to 10,750 tons—while foreign exchange earnings fell to $31.44 million.
This was reported by the Association of Milk Producers.
Compared to April 2025, export volumes decreased by 12%, and revenue by 17%.
The association cites the decline in global butter prices due to a surplus of raw milk in the European Union as the main reason for the drop. This particularly affects the Ukrainian market, as about 40% of domestic raw milk is processed into butter.
The largest share of exports in April was accounted for by condensed milk and cream (26%), ice cream (22%), cheese (17%), and butter (15%).
Export growth was recorded only in the fermented milk products and ice cream segments.
Moldova remains the main buyer of Ukrainian dairy products, followed by Poland, Germany, Kazakhstan, and Azerbaijan among the largest importers.
At the same time, imports of dairy products into Ukraine in April totaled 5,610 tons, with 63% of imports consisting of cheese, which intensifies competition for Ukrainian producers.
In the EU,inflation is hitting record highs due to the oil crisis and rising fuel prices, according to the WSJ.
In April 2026, consumer prices in Ukraine rose by 1.4% compared to March. On an annual basis, inflation accelerated to 8.6%, the highest rate since the beginning of the year.