What is the price of lactose per kilogram/pound in Mongolia today?
The retail price range for Mongolia lactose is between US$ 7.93 and US$ 16.82 per kilogram or between US$ 3.60 and US$ 7.63 per pound(lb). Click here to see today's exact prices of lactose in Mongolia
The retail price range in Tugrik for lactose is between MNT 28,321.07 and MNT 60,075.00 per kilogram or between MNT 12,844.02 and MNT 27,244.90 per pound(lb) in Ulaanbaatar and Erdenet.
Wholesale prices
In 2024, the approximate wholesale price range for Mongolia lactose is between US$ 5.55 and US$ 11.77 per kilogram or between US$ 2.52 and US$ 5.34 per pound(lb).
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Mongolia Lactose Export Prices - Historical, Trends and Prediction
The export price of Lactose from Mongolia over the last five years has seen a steady decline. In 2012, the price per kilogram was 5.00 US dollars, but by 2020, it had dropped to 1.50 US dollars. The lowest price was recorded in 2015, when it was 1.00 US dollar per kilogram. The price has been slowly increasing since then, with the most recent price in 2020 being 1.50 US dollars per kilogram. Based on this trend, it is likely that the export price of Lactose from Mongolia will be 1.75 US dollars per kilogram in 2023 and 1.90 US dollars per kilogram in 2024.The lactose exports from Mongolia are classified as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
Mongolia Lactose Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lactose into Mongolia over the last five years has been quite volatile. In 2012, the price was 5.00 US dollars per kg, which then increased to 10.00 US dollars per kg in 2013. However, the price dropped to 7.11 US dollars per kg in 2014 and further decreased to 1.00 US dollar per kg in 2015. In 2016, the price rose to 4.85 US dollars per kg and then dropped to 1.74 US dollars per kg in 2017. The price then decreased to 1.20 US dollars per kg in 2018 and further decreased to 1.12 US dollars per kg in 2019. The price then increased to 1.50 US dollars per kg in 2020. Based on this data, it is predicted that the import price per kilogram of Lactose into Mongolia in 2023 will be 1.30 US dollars per kg and in 2024 will be 1.45 US dollars per kg.Export values for Mongolia lactose
The total values in export for lactose in Mongolia were US$ 606, US$ 279, US$ 104 and US$ 126 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Mongolia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of lactose in other countries across Asia: Kazakhstan lactose, Kyrgyzstan lactose, Tajikistan lactose, Turkmenistan lactose, Uzbekistan lactose, China lactose, Hong Kong lactose, Macao lactose, North Korea lactose & Mongolia lactose.
Mongolia lactose - Production, Exports, Imports, Seasons and HS Codes
In 2019 Mongolia sold 112 tonnes of lactose. Across 2019 alone, the market for Mongolia lactose (processed category) has climbed, flactuating by 28.736 per cent compared to the year 2018. Between 2017 and 2019, lactose's exports decreased by -30 pc earning the exporter US$0.13m for the year 2019. Mongolia's lactose exports are categorised as:
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight >= 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170211)
- Lactose in solid form and lactose syrup, not containing added flavouring or colouring matter, containing by weight < 99% lactose, expressed as anhydrous lactose, calculated on the dry matter (HS code 170219)
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Mongolia lactose export values
In 2019, Mongolia shipped lactose costing 0.13m USD, an improvement of 25.00% from 2018's total lactose export of 0.104m USD. The yearly increase in value of Mongolia lactose between 2017 to 2018 was -62.724 pc.
The annual/yearly change in the quantity of Mongolia's lactose exports between 2017 and 2019 was -30 pc compared to a variation of 28.736% in the period between 2018 and 2019.
Export markets for Mongolia lactose ( in '000$ )
Mongolia's leading export markets for lactose are China.
Mongolia imported 9 tonnes of lactose in 2019.