Bulgaria: In 2021, the price of raw milk is expected to be 4% higher

Published 2021년 4월 6일

Tridge summary

In 2020, Bulgaria saw a 3% increase in cow's milk production, reaching 825 thousand tons, which contributed to a total milk production of 930 thousand tons. Despite this, purchase prices for milk were 1% lower than the previous year, but are expected to rise by 4% in 2021. The country's dairy product production increased by 25% in January 2021 compared to the same period in 2020. However, the European Union (EU) experienced a 1% decrease in milk purchased in January 2021, leading to a reduction in the production of various dairy products. Despite this, exports of whey and skimmed milk powder increased. The EU also experienced a significant increase in dairy prices, particularly in whey, butter, and skimmed milk powder, in the first two months of 2021 compared to the previous year.

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

Original content

SARA estimates that the production of cow's milk in 2020 will be about 825 thousand tons. This is about 3% above the levels of 2019, and the total milk production to be at the level of 930 thousand tons. Purchase prices according to NSI data are about 1% below those of the previous year. In 2021, purchase prices are expected to increase and be about 4% higher. Purchased cow's milk in Bulgaria in January 2021 compared to January 2020 increased by 0.6% (300 tons). The production of dairy products increased by 25% (1462 points), cheeses and yellow cheeses 8% (485 points), estimated 10% (22 points) and imitation cheeses 13% (116 points). SARA estimates that the milk purchased in the country will be at levels around 720 thousand tons, which is 1% more than last year. The purchase price of milk for February in the EU27 decreased by 1%, and for the EU-13 also decreased by 0.3%. The price of raw milk on the Lodi spot market in Italy in March decreased to 0.34 EUR / liter, which is a ...

Source: Agroplovdiv