Germany: A challenging year of pandemic for milk market - Dairy Industry Association

Published 2022년 1월 25일

Tridge summary

The milk market has seen record highs at the beginning of 2022 due to the corona pandemic, with product prices climbing to levels not reached in a long time for products like skimmed milk powder, whole milk powder, and butter. However, these high prices have led to increased costs for both dairies and milk producers due to high feed and energy prices. The Federal Office for Agriculture and Nutrition (BLE) expects the average milk price to increase by around 10% from the previous year in 2021. The cheese market has been the success story of 2021, with Germany remaining the largest cheese producer in Europe. However, the market for fresh products has shown weaknesses, with falling prices as costs have risen in almost all areas of food production and processing. The energy market in particular is causing concern and there are increasing requirements in packaging law that are associated with costs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

01/25/2022 | 19:21:00 | ID: 32159 | Department: Agriculture | Agrarwirtschaft Berlin (agrar-PR) - The corona pandemic has influenced the milk market in recent years and also had it firmly under control at the beginning of 2022. While the product prices in 2020 only reached the low price level of the intervention, at the beginning of 2022 they climbed to record levels that had not been reached for a long time, for example for skimmed milk powder, whole milk powder and butter. "The volatility hits the dairies directly, but similar dynamic conditions also prevail in other markets upstream and downstream," says Peter Stahl, Chairman of the Dairy Industry Association (MIV) at the press conference on the milk policy morning pint in Berlin.Berlin, January 25. 2022 - The corona pandemic has influenced the milk market in recent years and also had it firmly under control at the beginning of 2022. While the product prices in 2020 only reached the low price level of the intervention, at the ...

Source: Agrar