Tridge summary
In January 2024, the dairy price indices, including the consumer price index (CPI), producer price index (PPI), and farm gate price index, showed various trends but overall stability or increases from November 2023. The CPI for dairy was 128 (2020=100), down slightly from December 2023 but up slightly from November 2023, with prices varying by product. The PPI for dairy was 124, up slightly from November 2023 but down 5% from January 2023, reflecting high prices compared to previous years. The ex-farm price index was 128, up 5% from November 2023 but 31% lower than the record high in November-December 2022. Milk supply in January 2024 was lower than in January 2023 but higher than in January 2022. The dairy price increases in 2022 were largely due to market disruptions from the war in Ukraine and international sanctions against Russia and Belarus, following similar disruptions during the corona pandemic in 2020-2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The consumer price index (CPI) for dairy ended at 128 in January 2024 (2020=100). The producer price index (PPI) ended at 124 points in the same month and the farm gate price index reached 128. Milk and dairy prices are stable or higher than in November 2023. There were continued declines in milk prices until September-October 2023. The current price level is still high compared to previous years. Higher inflation has also had a grip on dairy prices. The consumer price index (CPI) for dairy ended at 128 points (2020=100) in January 2024, 0.3 percent lower than in December 2023, but 0.2 percent higher than in November 2023. The decline in the CPI was in May Started in 2023 after two years of consecutive increases. Almost all individual dairy products will show a decline of 1 to 2 percent between September 2023 and January 2024. Only the price of yogurt has remained stable during this period. The price of cheese and cottage cheese has fallen the most. The consumer price index for ...
Source: Melkveebedrijf
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