Cheap milk turns into an expensive product as the expensive Hungarian butter

Global milk prices are on the decline, and it is no different here. Hungarian milk is – as always – cheaper than the EU average. On the other hand, the butter available in domestic stores is much more expensive. This is the reason. In Italy, 2023. 48.-2024. Between week 12, the spot market price of milk decreased by 12 euros (-19%) to 45.5 euros/100 kilograms. We also see price reductions in the annual perspective, even on a global level. In January, the producer price of raw milk expressed in national currency was 8 percent lower in New Zealand, 13 percent lower in the USA, and 16 percent lower in the European Union than at this time last year. In February, according to AKI PÁIR data, the national average producer price of raw milk in Hungary was HUF 164.3/kg, which is 24 percent lower than a year ago, despite the typical increase since the end of the year. According to January EU data, the purchase price of Hungarian raw milk was 43.11 cents, as usual below the EU average (44.25 ...