EU-27 cow's milk deliveries have seen a slight increase of 0.5% from January to September, despite milk prices falling to an average of 44.4 euro/100 kg in November 2023. Italy, however, has experienced a 1.7% decline in milk deliveries in the first ten months of 2023. Dairy product prices have weakened post-summer, leading to reduced consumer demand due to increased retail prices. Despite this, Italian cheese and dairy product exports have grown by 13.7% in value and 5% in volume during the same period. The expected deceleration of inflation to +2.5% in 2024 could potentially aid in the recovery of domestic consumption.