In Bulgaria, raw milk rose in price by 33% in 2022 and remained among the cheapest in the EU

Published 2023년 2월 8일

Tridge summary

In 2022, Bulgaria experienced a significant increase in raw milk purchase prices by an average of 33% due to global market trends and higher animal husbandry costs, keeping its cow's milk purchase prices among the lowest in the EU. Feed prices are projected to rise by over 30% in the year, likely preventing a decrease in cow's milk purchase prices below BGN 1/kg. Despite this, a seasonal price drop is anticipated in spring and summer. Preliminary data shows a 20% increase in Bulgaria's nominal gross milk production in 2022, reaching BGN 877 million, which accounts for about 36% of the country's livestock production value. The EU continues to see a decline in purchased milk, with only 10 member states showing an increase in production, while Bulgaria, Croatia, and Cyprus witness significant decreases. The average EU milk purchase price per kilogram continued to rise, albeit not uniformly across member states.

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

Original content

In 2022, the purchase prices of raw milk in the country rose by an average of 33%, as a result of rising prices globally and increased subsistence costs of animal husbandry. However, the purchase price for cow's milk in Bulgaria is among the lowest in the EU, and at the moment the purchase prices are lower only in France, Slovakia and the Baltic States, writes the Center for Economic Research in Agriculture (SARA) in its January newsletter ). The prices of feed alone, according to NSI data, are expected to be over 30% for the year, which shows that a reduction in the purchase prices of cow's milk below BGN 1/kg is unlikely in this situation, although seasonally in the spring and summer there will be pressure to lower prices. According to preliminary data of the NSI, the nominal gross production of milk in 2022 will increase by about 20% to BGN 877 million. This represents about 36% of the value of livestock production. Milk's share of total agricultural output remains around 7%, ...

Source: Agroplovdiv