Slight increase in the average price of cow's milk in Spain in September

Published 2024년 11월 11일

Tridge summary

The article provides an overview of the current situation of cow's milk pricing in Spain and the EU, highlighting a slight increase in September following a downward trend since March 2023. Despite this increase, Spain's milk price remains lower than last year and below the EU average. The number of farmers in Spain continues to decline. The EU has experienced an overall rise in dairy product prices, with butter prices falling slightly after a significant increase due to the impact of Russia's invasion of Ukraine. Spain's butter prices are the highest in the EU. Meanwhile, skimmed milk powder prices are decreasing, while whole milk powder prices have seen a notable increase.

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

Original content

The price of cow's milk, which has been on a downward trend in Spain since March 2023 (except for some insignificant one-off increases), registered a slight increase last September compared to August. According to data from the Ministry of Agriculture, the weighted average stood at 0.480 euros/litre, compared to 0.473 euros the previous month and 0.515 euros/litre in September last year (-6.8%). This slight increase coincides with production in September this year that is also slightly higher than in the same month of 2023, which places the total accumulated in the first nine months of 2024 at 5.6 million tonnes, 1.6% more than in the same period of the previous year. As regards the number of farmers, the number continues to decline: 9,484 producers reported deliveries in September, 44 fewer than in August and 715 fewer than in September 2023. Spain is one of the four EU Member States where the price of cow's milk is lower than a year ago (the others are Portugal, Finland and ...

Source: Agropopular