Cow Milk Butter Prices in Poland Drop 17.03% YoY on Increased Supply

The wholesale price of cow milk butter in Poland averaged USD 5.66/kg on November 6, a 2.35% WoW rise, a 4.04% MoM increase, but a significant 17.03% drop compared to the same period in 2022. The YoY decline is attributed to an increase in milk supply, observed across European-producing countries. Prices are expected to improve in the coming months as producers cull cows due to reduced profit margins but are anticipated to remain below 2022 levels until Q3-24.