Milk prices in the EU increased by 20%

In the European Union, prices for dairy products continue to rise in July. The average European price for raw milk last month was 50.33 euros per 100 kg of raw material, which is 1.8% more than in June. In general, in the first 7 months of 2022, the price increased by 20%. This was reported by the press service of UKAB. According to Maksym Hopka, an analyst at UKAB, the highest level of raw milk prices was recorded in Belgium and the Netherlands - 61.98 and 60 euros/100 kg, respectively. The lowest prices are observed in Portugal and Slovakia - 38.19 and 39.63 euros/100 kg, respectively. According to Eurostat, milk production for January-May 2022 is 61,490 thousand tons, which is 0.8% less than in the same period last year. The tendency to reduce milk production in the EU has been observed since February, since then it has decreased by an average of 1-1.5% every month, which is reflected in the price. Similarly, during January-July, the production of dairy products increased in ...