Butter prices have gone up around the world and in Poland to a similar extent

Published 2024년 12월 23일

Tridge summary

The FAO Dairy Price Index has seen an 18 percent rise since the start of the year, reaching 139.9 points in November due to a surge in milk powder and butter prices. Whole milk powder prices have experienced the largest increase, driven by a rebound in global demand and a decrease in milk production in Western Europe. Butter prices have hit a new record high, rising for the 14th month in a row, influenced by strong domestic and international demand and tight inventories, especially in Western Europe. Cheese prices have also increased due to tight availability. In Poland, domestic milk and butter prices have also risen, with butter prices seeing a 37 percent increase over the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since the beginning of the year, the FAO Dairy Price Index has risen 18 percent to 139.9 points in November. The November level of the index is up 0.9 points (0.6 percent) from October and 23.4 points (20.1 percent) from a year earlier. Milk powder prices rose the most in November International milk powder quotations, particularly whole milk powder, posted the largest increase, driven by a rebound in global demand and a seasonal decline in milk production in Western Europe, offsetting rising seasonal milk production in Oceania. World butter prices rise for the 13th consecutive month World butter prices rose for the 14th consecutive month, reaching a new record high, driven by strong domestic and international demand amid tight inventories, particularly in Western Europe. Cheese prices also rose, reflecting tight availability to meet growing spot demand. Milk and butter prices in Poland are rising MRiRW data show that domestic milk purchase prices have been rising since August ...
Source: Gospodarz

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