Milk production in the EU by 2032 will decrease by 1.1 percent annually

According to PKO BP analysts, the increase in milk prices is a factor that has a short-term impact on supply increases, despite the smaller number of dairy cows in the EU and the increase in production costs, which was recorded in the EU-27 in October 2022 (+1.6%). however, the medium-term development of the sector is limited by the uncertainty related to the planned changes in agricultural policy. EC forecasts indicate a decrease in EU milk production by 2032 on average by 1.1 percent per year. - Milk production in Poland continued to record strong increases compared to other EU countries. According to the Central Statistical Office, the domestic purchase of milk in the January-November 22 period increased by 2.2% on an annual basis. However, there is a risk that the pace of production growth will slow down in the coming months. In the December estimation of the harvest in Poland in 2022, the Central Statistical Office indicated a decrease in the production of corn for silage by ...