The average price of raw milk in Hungary has increased by almost 10 percent compared to 2020

In August 2021, Hungary saw a slight improvement in the average national producer price of raw milk, with a 0.05 percentage point increase in protein and fat, leading to a stagnant base price and a resultant unchanged average price compared to July. This average price, which was 9% higher than that of the same month the previous year, was important for understanding the dairy market dynamics both domestically and internationally.

Domestically, Hungary experienced a 71% increase in raw milk delivery compared to the same month in the previous year, with a decrease in the export price of raw milk by 1% from July but an 18% increase compared to the same month in the previous year. The price of bulk milk products like butter, whole milk powder, cheddar cheese, and skimmed milk powder also saw significant increases on the world market.

In Europe, there were variations in the producer prices for raw milk, with decreases in the U.S. and increases in the EU, highlighting the diverse market conditions across regions. Additionally, the spot market prices for raw milk in Italy and the Netherlands increased, reflecting the overall trend of rising dairy prices. The increased raw material value of raw milk, attributed to higher fat and protein content values, also supported the overall price rise in the dairy sector.

This article provides a comprehensive overview of the Hungarian dairy market in August 2021, detailing the price trends for raw milk and various dairy products, both domestically and internationally. It underscores the significant increases in the prices of key dairy products, such as bulk butter and skimmed milk powder, noting the varied trends across different countries and the implications of these trends for the global dairy market.