Raw milk prices in the EU have reached rock bottom

Milk prices in EU member states are falling under the influence of limited demand for dairy products in the world, increased production of raw materials, which are currently in surplus in European countries. This was reported by the analyst of the Association of Milk Producers, Georgy Kukhaleishvili. According to preliminary data from the European Commission, in March 2023 the average price of raw milk in the EU amounted to 51.79 euro cents per kg and decreased by almost 3% compared to February. Although, a year ago, raw milk in the EU cost 15.2% less on average - 43.92 euro cents per kg. It is worth noting that the average price of raw materials in Ukraine is 46.84% lower than in the EU. In March, the average price of raw milk in Ukraine was 35.27 euro cents per kg. Among EU member states, milk is cheaper only in Latvia, namely 34.14 euro cents per kg. The difference in the price of raw materials between Ukraine and Latvia is plus 3.2%. Among the EU member states, the cheapest ...