Inflation in dairy prices in Bulgaria reached 37%

Inflation in dairy prices continues to rise. In whey, the growth is as much as 37%, according to an analysis by scientists from the Center for Economic Research in Agriculture - SARA. On an annual basis, there is also an increase in prices for whole milk powder (21%), skimmed milk powder (24%), butter (17%) and cheddar cheese (9%). China immediately offset the increase in imports - for the first seven months it increased for all categories of dairy products, with the highest growth in condensed milk (64%), whey (51%), skimmed milk powder (45%) and cheese 44%). All this reinforces the positive price trend. SARA forecasts that the number of dairy cows in Bulgaria in 2021 will decrease to 221 thousand animals, 3 less than in 2020. Estimates for total milk production in 2021 are 985 thousand tons, which is by 2% less than in 2020. The price of milk is expected to increase due to rising production costs and rising prices of raw milk (milk powder and raw milk on the free market). A ...