Germany and Poland imported 16,497 tons of dry milk and milk products to Bulgaria in a year

Published 2023년 2월 6일

Tridge summary

Recent data from the European Commission highlights a significant 42% increase in the purchase price of raw milk in Bulgaria over the past year, leading to concerns among local farmers about the sustainability of the industry. This surge in milk prices comes amidst a backdrop of rising costs for feed and electricity, with large farms being the only ones likely to remain solvent. The situation is further exacerbated by a decrease in herd sizes and a severe crisis in the dairy sector, as reported by the Bulgarian Cattle Breeders' Union. Additionally, the country has witnessed a substantial growth in the import of dairy products and milk powder, alongside a decline in the production of various dairy goods. This perfect storm of challenges has resulted in a financial strain for many farmers, leading to the closure of numerous dairy farms and threatening the stability of the entire dairy industry in Bulgaria.

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

Original content

According to EC data, the purchase price of raw milk in Bulgaria has increased by 42% in a year. This is stated in a report on the dynamics of the raw milk market in the EU countries, Great Britain and Ireland. Against the background of the traditionally optimistic figures from Brussels, Bulgarian cattle farmers are alarming about a decrease in herds and a severe crisis due to expensive feed and electricity. According to Mihail Mihaiilov, chairman of the Bulgarian Cattle Breeders' Union, only the large farms that have other businesses from which they are financed are expected to remain on the market. In the Burgas region, spending in the sector has increased by about 40% compared to last year. According to SAPI data, as of January 18, 2023, the average purchase price of cow's milk is BGN 1.07 per liter. On an annual basis, the price increase is by 33.8 percent, and on a monthly basis by 0.9%. With the highest jump year-on-year is fresh tetrapack retail milk. As of January ...

Source: Selo