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18 May 2023, 09:44

Belarus lowers price floors for dairy products for some countries

An archive photo
An archive photo

MINSK, 18 May (BelTA) – On 17 May 2023 the Agriculture and Food Ministry of Belarus issued Resolution No. 58 to reduce minimum prices for products sold under foreign trade contracts. The document was officially published on the National Legal Internet Portal, BelTA informs.

According to the document, fresh, chilled and frozen beef, meat from young cattle cannot be sold to Russia at a price lower than $3.9 per kg, and meat from adult cattle - lower than $3.8 per kg. Price floors for other countries remained the same.

Milk and cream, condensed milk and cream with sugar, powdered milk, milk granules or milk in other solid forms (with fat content under 1.5%) will be sold to Georgia at the price of $2 per 1 kg. The same products without sugar and with fat content above 1.5% will be sold to Cuba at $3.15 per 1 kg.

The price of butter containing at least 80% butterfat was reduced from $6 to $5.45 for Israel.

Prices depend on where these products will go. Export destinations are grouped into several regions: Russia, the EAEU countries (except Russia), the CIS countries (except the EAEU countries) and Georgia, the countries outside the CIS (except Georgia).

The resolution came into force on 18 May.

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