Ukrproduct Resumes Hard Cheese Production At Starokonstantinovskiy

29th Jun 2010 11:06

LONDON (Dow Jones)--Ukrproduct Group Ltd (UKR.LN), a producer and distributor of branded dairy products in Ukraine, said Tuesday that it has resumed the production of hard cheese at the Starokonstantinovskiy Dairy Plant. MAIN FACTS: -Given favorable pricing and the wide availability of raw milk in Ukraine during the summer period, Ukrproduct has restarted the production of hard cheese and expects to start selling its products in the second half of 2010 when hard cheese is usually seasonally in demand. -Ukrproduct suspended the production of hard cheese in the summer of 2009 following price cutting and over saturation of the market by local producers in the first half of the year. -Hard cheese prices have been rising since the second half of 2009, and the profitability of hard cheese sales is expected to improve in the second half of 2010. Shares closed Monday at 35.0 pence. -By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; [email protected] (END) Dow Jones Newswires June 29, 2010 06:06 ET (10:06 GMT)