Poland: The coming months will bring a decline in milk purchase prices

Poland

Market & Price Trends

Published Mar 24, 2024

Tridge summary

Credit Agricole analysts predict a decrease in milk purchase prices in the near future due to an expected increase in milk production among the world's largest dairy exporters and ongoing weak global demand. Despite a rise in dairy product prices in Q4 of last year, due to reduced milk supplies, the market is now seeing a price decline. This is further exacerbated by reduced purchases from China, owing to a slowdown in domestic demand and increased internal milk production.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The coming months will bring a decline in milk purchase prices, as analysts from Credit Agricole point out in the latest AGROmapa. Price correction on the global milk market As analysts point out, the fourth quarter of last year brought an increase in the prices of dairy products. This occurred despite still weak global demand and resulted from a decline in milk supplies among the main exporters of dairy products. The price increase had a wide range of products, with the highest increase in the prices of butter (by approx. 24%) and whey (by approx. 23%). As a result, the ratio of milk fat and protein prices increased again, reflected in the difference between the prices of butter and skimmed milk powder, according to the authors of the agromap. “In recent months, we have been dealing with a correction and a renewed decline in prices. In our opinion, this is due to the improving prospects for milk production among the world's largest exporters of dairy products, combined with ...

Source: Farmer.pl