EU: December 2023, the latest published dairy reports

Published 2024년 1월 22일

Tridge summary

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

Original content

European context Deliveries of cow's milk are slightly increasing in the EU-27 (+0.5% in the January-September period), as a consequence of dynamics opposed in the main producing countries: Germany (+2.2%), the Netherlands (+2.2%), Poland (+1.9%), France (-2.5%), Ireland (-1%). Milk prices at the stable are progressively decreasing, settling on average in the EU27 at 44.4 euro/100 kg in November 2023 compared to 57.8 euro/100 kg one year does. Situation in Italy Deliveries of cow's milk in Italy continue decrease compared to last year and, according to Agea data, the decline recorded in the first ten months of 2023 is 1.7%. Despite the lower offer internally, the competitive pressure exerted by the main suppliers is pushing down the national farmgate milk price, estimated at November at 49.6 euros/100 liters (-14% compared to a year ago). While remaining settled at sustained levels, feed prices began to decline starting from the summer and, based on the Ismea index ...
Source: ITIsmea

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