Brutal increase in prices in stores: Hungarians' favorite cheese is slowly becoming a luxury

Published Jul 27, 2022

Tridge summary

The article reports a significant increase in the producer price of raw milk and various dairy products in the USA, EU, New Zealand, and Hungary in May 2022 compared to the previous year. Specifically, raw milk prices rose by 43% in the USA, 33% in the EU, and 23% in New Zealand. Additionally, the prices of bulk butter, skim milk powder, and cheddar cheese also increased by different margins. In Hungary, not only did the national average producer price of raw milk rise by 6% in June 2022, but also the consumer prices for various dairy products saw substantial increases, with Trappist cheese and pasteurized long fresh milk experiencing the most significant price hikes. This situation poses a challenge for Hungarian consumers, who are known to be price-sensitive.

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

Original content

The producer price of raw milk, expressed in national currency, rose by 43% in the USA, by 33% in the European Union, and by 23% in New Zealand in May 2022 compared to a year earlier. In the global market, the selling price of bulk butter (FOB Oceania) in the 27th week of 2022 increased by 30%, skim milk powder by 26%, cheddar cheese by 25%, whole milk powder by 1% compared to the same period in 2021 - can be read in the latest report of the Market Price Information System (PÁIR) of the Institute of Agricultural Economics (AKI). The spot market price of raw milk in Italy is 4-29. increased by 21.25 euros to 66 euros/100 kilograms. In the Netherlands, the spot market price of raw milk with a fat content of 4.4 percent without VAT, including delivery costs, is 20-28. increased by 5.5 euros to 58 euros/100 kilograms. In Verona, Italy, the spot market price of raw milk on July 18 without VAT, including delivery costs, is 66 euros/100 kilograms, raw milk with a fat content of 3.6 ...

Source: Agrarszektor