Hungary: Domestic milk producers are in an increasingly difficult situation

The decline in the purchase price of domestic raw milk did not stop in August either, the price of HUF 151.47/kg is 32 percent lower than the level reached at the beginning of the year and 17 percent below the price a year ago. However, the price drop is not only characteristic of Hungary, since the beginning of the year the purchase price of raw milk has been falling throughout the European Union. The reason for this is partly the surplus of milk created as a result of the expansion of milk production in Europe, as well as the falling consumption of milk and milk products by the population throughout Europe as a result of high inflation - Agro Napló learned from the announcement of the National Chamber of Agrarian Economy (NAK). The decrease in EU raw milk prices is also felt in the prices of dairy products, thanks to which the competitiveness of EU dairy products has already started to increase: in the first seven months of 2023, European exports of almost all major dairy ...