Bulgaria: Is it possible for cow's milk to reach an average purchase price of BGN 0.90 / kg?

Published 2022년 6월 14일

Tridge summary

The Center for Agricultural Economic Research (CAPA) forecasts average purchase prices for cow's milk and sheep's milk in Bulgaria for 2022 at BGN 0.79 / kg and BGN 1.58 / kg, respectively. Cow's milk prices are projected to rise to BGN 0.90 / kg by year-end due to increased production costs. However, the dairy sector remains profitable. Purchased milk in Bulgaria has risen by 5.4% in the first quarter, while EU purchased milk slightly decreased. Dairy prices in the EU are increasing due to rising costs. The Dutch Rabobank highlights uncertainty in the global dairy market due to insufficient supply, bad weather, and shrinking margins, influenced by global monetary policy and consumer inflation perceptions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The average purchase prices for 2022 are expected to be BGN 0.79 / kg for cow's milk and BGN 1.58 / kg for sheep's milk. This is stated by analysts from the Center for Agricultural Economic Research (CAPA) in its monthly bulletin. Vote: Will Kovid's help give you a breath of fresh air? In the case of cow's milk, prices will continue to rise and it is possible that they will reach BGN 0.90 / kg at the end of the year. Despite this increase, however, profitability in the dairy sector continues to catch up with more expensive production. The costs are drastically higher - by 60% for concentrated feed and 30% for roughage compared to last year. Data for the first quarter of the year show that purchased milk in Bulgaria increased by 5.4% (8.1 tons). In the milk products produced for this period there is an increase in packaged milk by 20%, fermented milk by 5% and imitation dairy products by 8%. Purchased milk in the EU in January-March compared to the same period in 2021 reported a ...
Source: Agri

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