Belarus lowers minimum export price of several dairy products for foreign markets, excluding Russia

MINSK. Dec 12 (Interfax) - The Belarusian Ministry of Agriculture and Food has reviewed the minimum prices for certain goods which are sold overseas.

The ministry published the corresponding decree, dated December 10, on the National Legal Internet Portal on Friday.

The document sets the minimum price of butter with fat content between 72% and 80% at $4.3 per kilogram for countries in the Eurasian Economic Union (EAEU), CIS countries, excluding Russia, and Georgia as of December 12, versus the previous $5.3 per kilogram. For other countries, it will decrease to $3.9 per kilogram from the previous $4.7. Butter with fat content of 80% or over will have a minimum export price of $4.9 per kilogram for EAEU and CIS countries excluding Russia and Georgia, versus the previous $6, and $4.5 for other countries, versus $5.3.

The price for the Russian market will remain at 550 and 620 Russian rubles per kilogram respectively.

The minimum export price was lowered from $3.1 to $2.9 for milk and cream, in condensed, powdered, granulated or other hard forms with a mass fat content above 1.5% and without added sugar or sweeteners, for all foreign markets apart from the EAEU, CIS and Georgia.

Belarusian President Alexander Lukashenko has said that there have been problems selling Belarusian butter on the Russian market and has thus called for exports to be diversified to a greater degree.