Credit Agricole: Gradual improvement in the global milk market

According to them, the increase in prices is particularly visible in the case of butter and skimmed milk powder, i.e. products whose prices fell the most in the initial stage of the coronavirus pandemic. However, dairy product prices are generally still below pre-pandemic levels. The factor limiting the increase in prices is the higher supply of milk observed in the European Union and in the USA, where in the period January-June milk deliveries increased by 1.2%, respectively. y / y and 1.8 percent y / y Despite the fact that at the beginning of the pandemic, the dynamics of milk purchase in the EU and in the USA clearly decreased, the data for June indicated a rebound in production - they indicate. According to Credit Agricole, it is also worth paying attention to the wide geographical scope of the increase in milk supplies in the EU. Purchase is also growing in Germany, France and the Netherlands, i.e. in countries where milk production has been in a downward trend in recent ...