W47: Weekly Dairy Update

Publicado 30 de nov. de 2022
Tridge's global market analysts and country representatives take a deep dive into what happened during W47 in the global dairy landscape. In summary, according to research by Potomac University in the US, milk is the most cultivated agricultural commodity in the world and is rich in proteins and calcium which help in the prevention of diseases and maintenance of muscle mass. In Poland, the selling price of skimmed milk powder amounted to PLN 17.83/kg and was 1.5% lower WoW. In Hungary, the consumption of butter and butter cream is 1.5kg per person per year, which is a third of the EU countries' consumption of 4.31kg. Lastly, the Hungarian Trappist cheese sales price increased by 91% compared to the same period in 2021.


Global: Cow’s Milk Tops List of Most Cultivated Global Agricultural Products

Rich in proteins and calcium, cow's milk acts in the prevention of diseases and in the maintenance of muscle mass. According to the Potomac university in the US, milk is the most cultivated agricultural commodity in the world. Currently, 37 countries have cow's milk as their main agricultural product. Germany, for example, is the largest exporter of milk on the planet. The University of Potomac researched the latest data on world agricultural production. According to research data, Brazil is the third largest producer of milk in the world, with 36 million tons. The United States is responsible for the world's largest milk production, which means more than 101 million tons. The study aims to shed light on where food comes from and which countries trade most of it. 

France: Competition Authority Investigates Several Dairies

The investigation services of the European Competition Authority have begun, with the prior authorization of a freedom and detention judge, to carry out unannounced visit and seizure operations with dairies suspected of having implemented anti-competitive practices in the milk supply sector of cows. The Authority has insisted that these interventions do not prejudge the guilt of the companies affected by the alleged practices and that only a thorough investigation will make it possible to establish, if necessary.

France: How Will the Reform of the Cap Affect Suckler and Dairy Cows?

In France, there is great concern about the impact that the CAP reform will have on the livestock sectors. As in Spain, France also has aid associated with the dairy cow, the suckler cow and the sheep and goat, but that will be modified with the reform. The French Livestock Institute (l'Institut de l'élevage) has assessed the possible impact that the reform could have. In general, suckler cow farms will be affected downwards, while dairy farms will be upwards. At the same time, the intensive systems are going to be affected downwards while the extensive ones are going to oscillate between stability or going up. Bait farms are the ones that will be most negatively affected. Intensive dairy farms and extensive beef cattle farms will be slightly hit downwards. The farms of small ruminants and especially those of dairy aptitude are going to remain in balance. 

Italy: Government Proposed to Zero VAT on Bread and Milk

The Italian government at a meeting on November 21 considered a proposal to zero (the second option is a two-fold reduction) VAT on a number of basic food products. These products include bread, milk and pasta. In 2022, the cost of gas and electricity in Italy has already increased several times and continues to grow. The price of gasoline has risen by half. Heads of thousands of companies from different sectors of the economy note that this situation puts them on the verge of profitability. A 10-25% increase in prices for basic foodstuffs is recorded. According to preliminary estimates, the country's GDP growth rate will halve, and inflation (which has exceeded the mark of 10% for the first time in 40 years) will continue to grow. More than 60 billion euros have already been allocated from the budget to mitigate the negative effect of rising energy and commodity prices

Poland: Dairy Products Market

The selling price of skimmed milk powder amounted to PLN 17.83/kg and was lower by 1.5% than a week earlier and a month ago. For whole milk powder, PLN 23.59/kg was obtained, 1% more than in the previous week, but 1% less than a month earlier. Compared to last year's quotations, SMP was more expensive by 48%, and PMP by 55%. Between October 31 and November 6, 2022, the monitored prices of Edamski and Gouda cheeses reached record levels.

Spain: The Price of Milk in Asturias Reaches an All-Time High, Close to 50 Cents (49.7 Cents per Litre) 

The average price of cow's milk received by Asturian farmers stood at 49.70 cents per litre in September, which represents a monthly increase of 6.4% and 40.8% compared to the same month last year. It is the highest value in the historical series started in 1994 by the Asturian Society for Economic and Industrial Studies (Sadei). The previous historical maximum, of 47.27 euros, had been registered in December 2007.

Hungary: Price of Raw Milk

The producer price of raw milk, expressed in national currency, rose by 46 percent in the European Union, by 33 percent in the USA, and by 9 percent in New Zealand in September 2022 compared to a year earlier. According to AKI PÁIR data, the national average producer price of raw milk in Hungary was HUF 204.77/kilogram in October 2022, an increase of 6 percent compared to September 2022, and 76 percent higher than the average price of the same month of the previous year.

Russia: Milk Production January-October Increased by 3.1%

The volume of milk production in Russia in January-October 2022 increased by 3.1% compared to the same period in 2021 and reached 4.8 million tons. This is stated in the materials of Rosstat. "In October 2022, 490.3 thousand tons of milk were produced, which is more than in October 2021 and September 2022 by 1.8% and 4.2%, respectively. For ten months of 2022, milk production increased by 3.1% compared to the same period in 2021, amounting to 4.8 million tons," the ministry said.


Poland: Dairy Products Market

Selling prices of dairy products in Poland Dairy plants monitored under the Integrated Agricultural Market Information System of the Ministry of Agriculture and Rural Development on August 31 to November 6, 2022 sold butter in blocks of PLN 32.37/kg, 3% cheaper than the week before and 2.5% than last month. Packaged butter was sold at PLN 33.59/kg (PLN 6.72 for a 200-g cube), which is 1% less than in the previous week and 2.5% less than in the previous month. The price of butter in blocks was higher than in the previous year by 36.5%, and packaged butter by 32.5%. 

Hungary: The Consumption of Butter and Butter Cream Is 1.5kg/Person per Year

In Hungary, the consumption of butter and butter cream is 1.5 kg/person per year, which is a third of the EU countries' consumption of 4.31 kg. The producers produce about 9,200 tons of butter annually, and imports are also 6,800 tons, according to the overview of the National Chamber of Agrarian Economy (NAK) and the International Milk Trade Organization and Product Council (TTT). Butter is an excellent source of fat-soluble vitamins. Butter can be produced from the milk of several animals, in Hungary, cow's milk is the most common.


Hungary: The Consumption of Trappist Cheese Has Almost Become a Commodity

According to the data of the AKI PÁIR, in October 2022 compared to the same month of the previous year, among domestically produced dairy products, Trappist cheese (+91 percent), cow's curd (+81 percent), kefir and fresh bagged milk with a fat content of 2.8 percent (respectively + 78 percent) sales price increased the most. According to KSH data, in the same comparison, the consumer price of Trappist cheese and 100 grams of 80 percent fat added butter increased by 99 percent.

Egypt: The Decline in Imports and the Difficulty of Importing Open the Appetite of Dairy Producers in Alexandria

A number of cheese and dairy producers and manufacturers in Alexandria confirmed that the decline in imports during the past period created an opportunity to manufacture new products in light of the increasing demand for them and the decline in supply in the local market. They pointed out that by developing the areas of work, and shifting part of the manufacturers and producers to manufacture other products that come from outside Egypt, such as “cheddar” and “gouda” cheese, and others, there will be differences in selling prices, especially with the high price of dairy.

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