Tridge summary
The Center for Economic Research in Agriculture (CAPA) has forecasted a decline in cow and sheep milk production in Bulgaria over the next five years. This is attributed to the impact of the EU Green Pact and the 'From farm to fork' strategy, which have increased livestock demands. Low returns and strong price competition are also factors. Additionally, milk purchase prices are expected to rise due to increased electricity prices. The Bulgarian market will also see an increase in butter prices, while cheese prices remain stable and other dairy products prices rise in the EU.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The production of cow and sheep milk in Bulgaria will decline in the next five years. This is predicted by the Center for Economic Research in Agriculture (CAPA). The forecasts for the development of the dairy herd are for the reduction of the population to 190 thousand heads by 2025. Increased demands on livestock due to the Green Pact in the European Union (EU) and the strategy "From farm to fork" have a negative impact on the industry. The decline in the production of cow's and sheep's milk will continue due to low returns and strong price competition. The purchase prices of milk will increase due to the increase in the price of electricity. On the Bulgarian market, the price of butter will jump in the coming months due to the significant growth of stock exchanges in the EU. Stable cheese prices and rising prices of other dairy products in the EU, together with high demand, ...
Source: Duma
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