Milk prices in Bulgaria will have to be "restarted"

Published 2021년 11월 9일

Tridge summary

The Center for Agricultural Economic Research (CAPA) forecasts a decrease in the number of dairy cows to 190,000 by 2025 due to increased livestock requirements from the Green Deal, low returns, and strong price competition. The reduction in cow's and sheep's milk production is expected to continue, leading to higher prices. The EU's milk purchase amount remained stable from January to August, with the most significant increase seen in Cyprus, Ireland, Hungary, and Italy. However, there was a significant decrease in the production of whole milk powder and skimmed milk powder. The cost of production has increased by between 15% and 70%, leading to price pressures in the dairy sector. Prices are expected to increase in the coming years, ending the era of cheap food.

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

Original content

The number of dairy cows is expected to decrease to 190,000 by 2025. Increased livestock requirements due to the Green Deal also have a negative impact, according to the Center for Agricultural Economic Research (CAPA). Farmers, look at what politicians are cooking for you The decline in cow's and sheep's milk production is expected to continue, also due to low returns and strong price competition. The pressure on dairy farming is mainly on feed, but balancing supply and demand in the future will lead to higher prices, analysts believe. Enlargement, economies of scale and innovation are prerequisites for sustainable farm development. From January to August this year, the amount of milk bought in the EU remained at the same level compared to a year earlier. The most significant increase is observed in Cyprus (+ 13.3%), Ireland (+ 6.4%), Hungary (+6.4) and Italy (+ 3.7%). Again for the same period the production of dairy products increased slightly - by 1.5-2.5%. The most ...

Source: Agri