Milk continues to rise in price in the EU against the background of a shortage of fats

Published 2024년 8월 7일

Tridge summary

The European Commission has reported a 0.4% increase in the average price of raw milk in the EU for July 2024, resulting in a 5.4% increase from the previous year. Prices varied widely across the EU, with Belgium seeing the most significant increase and Finland the most significant decrease. This price increase is attributed to a reduction in raw milk production in Western European countries, particularly the Netherlands and Ireland, and a shift in production towards other dairy products. In Eastern Europe, countries like Poland have seen an increase in raw milk production to meet demand in Western Europe.

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

Original content

According to preliminary data from the European Commission, in July 2024 the average price of raw milk in the EU was 46.23 euro cents per kg, which is 0.4% more than in June. Compared to the price as of July 2023, the price of milk in the EU increased by 5.4%. In Ukraine, raw milk cost an average of 35.57 euro cents per kg last month. Compared to June of this year, the price of raw milk has increased in 13 EU member states. Among large producers and exporters of dairy products, prices for raw materials increased in Denmark to 47.99 euro cents per kg (+1.9%), France to 46.12 euro cents per kg (+0.4%), Italy to 50 euro cents per kg (+0.6%) and the Netherlands to 48 euro cents per kg (+0.5%) compared to June 2024. Milk rose the most in Belgium to 48.56 euro cents per kg (+9.8%). In July, purchase prices did not change in Germany, Spain, Ireland, Portugal, Poland, Malta and Cyprus, compared to June of this year. Over the last month, the price of raw milk has fallen in only 6 EU member ...

Source: MilkUA