This could give a new boost to the price of milk in Hungary

Zoltán Harcz explained that thanks to the previous record-high milk prices in the European Union, milk production in Northern and Western Europe started to increase from last autumn, significant surpluses began to develop, and in the first half of the year, consumption in Europe also decreased in volume, but less compared to Hungary. We are also feeling the strong correction caused by the drop in consumption due to high inflation. According to the managing director, the situation is aggravated by the fact that, despite the high wage inflation of recent years, the domestic purchasing power is still significantly lower than the average purchasing power level in the EU, so the dairy sector is under constant pressure. If inflationary pressure remains high despite some signs of normalization, it may further weaken consumer purchasing power. In his reply to the Index, he also highlighted: the domestic milk market is extremely exposed to international markets, which may reach equilibrium ...