It has started and will not end for a long time, dairy products in Hungary will become more expensive

Published 2021년 9월 21일

Tridge summary

The article provides an overview of the milk market in Hungary, highlighting the current and past trends in raw milk pricing and production. Despite a slight delay in the usual summer drop in raw milk prices, there is an anticipated increase in prices during the autumn, driven by factors such as rising costs for dairy farmers, scarce milk supply in the EU, and higher prices in Hungarian milk export markets. Additionally, the article notes a significant increase in raw milk exports and a rise in the prices of domestically produced dairy products, with the exception of butter and fruit yoghurt, despite a slight decrease in the price of pasteurized ESL milk with a 2.8% fat content compared to the previous year. Overall, consumer prices for dairy products in Hungary have seen an uptick from the previous year, although not significantly, with prices varying depending on the specific dairy product.

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

Original content

The fall in the basic price of raw milk in the summer has lagged behind this year, but that does not mean that the autumn rise is not to be expected. According to the data of AKI PÁIR, the national average producer price of raw milk in Hungary was HUF 109.6 / kg in August 2021. Compared to July, the average price of raw milk did not change, but it was still 9 percent higher than the average for the same period last year. In contrast, the export price of raw milk was 5 percent higher than the producer price (114.76 HUF / kg), which was 18 percent higher than in the previous year. In August 2021, raw milk exports were 71 percent higher than a year earlier. The average price of raw milk in the European Union is 35.76 euros / 100 kg. In Hungary it is 30.57 euros / 100 kg and this means that we have one of the lowest producer prices for raw milk. Only Romania, Latvia, Lithuania and Portugal have lower producer prices for raw milk. In Hungary, milk production and raw milk exports ...

Source: Agroinform