Hungary: The price of milk is unstoppable, and it is not clear when it will end

Published 2022년 6월 5일

Tridge summary

The article highlights a significant surge in prices for both raw milk and processed dairy products in Hungary over the past year, with increases exceeding 30 percent. This price hike is attributed to rising costs in feed, energy, veterinary equipment, packaging, and wages. Zoltán Harcz, the executive director of the Dairy Product Council, has conveyed concerns about the unpredictable nature of these increases and the lack of stability in import costs. Despite challenges, Hungary has managed to reduce imported milk to 95-98 percent of the consumer milk supply. However, there are challenges in making domestically produced sour cream, cottage cheese, kefir, and Trappist cheese more widely available, as import rates for these products remain high, especially in cheese and butter. The aim is to promote a healthier shelf image with more locally sourced products, but the goal is not to completely eliminate imported dairy products.

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

Original content

In the last 12 months, both raw milk and processed milk and dairy products have seen a significant price increase of more than 30 percent, said Zoltán Harcz, noting that they have no official data on retail prices, only the transfer prices of raw milk and processors. they have insight, writes Infostart. At the national professional meeting held on the occasion of World Milk Day, several speakers said that the dairy market is extremely unpredictable, the prices of feed, energy, veterinary equipment and packaging are constantly rising, but wages have also risen. The executive director of the Dairy Product Council considers it a more serious concern that the increase is completely unpredictable and that the moment when import costs could stabilize is not seen. Photo by pixabay.com The expert also pointed out that thanks to the work of dairy farmers, dairy processors, retailers, the professional organization, the inspection authority and the government, extremely cheap imported milk ...

Source: AgroTrend