date:Jan 22, 2013
an average milk price of approximately E0.44 per litre, some 10% higher than the average price obtained last year.
The market will therefore provide excellent conditions for further growth.
Production rise
Russia's dairy market has proved a popular draw for foreign investors seeking growth absent in Western Europe, with companies such as Danone, Olam International and PepsiCo sealing dairy tie-ups in the country.
Ekosem-Agrar said its own Russian operations raised milk output by 61% to 84.1m