Russian cheese takes 75% market share in stores

By bne IntelliNews February 7, 2017

The share of Russian cheeses in the country's stores in 2016 reached 75%, Agriculture Minister Alexander Tkachev said on February 6, Vedomosti daily reported.

Russian producers have successfully replaced foreign cheeses with home-made varieties and Russian cheese will continue to increase its market share, according to the minister.

"Cheese used to be imported, but now it is dominated by Russian producers. We [Russian cheesemakers] registered the 10 largest producers, and, of course, I expect that our share will grow to 90%," Tkachev said, adding that Russia will "rearm" the dairy sector in the next five to seven years following the example of Belarus.

"We have great respect for our colleagues from Belarus. They taught us a master class. We should follow this lead in the next five to seven years and move in the same direction. Therefore, the task is to rearm our [dairy] production," the paper quoted Tkachev as saying.

Related Articles

Multilateral lender IIB to place its inaugural transaction in Czech koruna

Moscow-based development bank International Investment Bank (IIB) has priced its denominated private placement transaction with three-year floating rate notes in koruna of CZK501mn, the bank said in ... more

Latvia to probe tram tender awarded to Russian-controlled Railvec

Latvia’s state security service, the Constitution Protection Bureau (SAB), plans to scrutinise a tender to deliver trams to the country’s second-largest city won by a Russian company with ties to ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more