Tridge summary
The price index of dairy products increased by 1.7% in January 2021 and 9.9% in February 2021 compared to the previous year. This increase was due to higher prices of butter and skimmed milk powder. The price of butter increased due to increased purchases from China and limited export supplies from Western Europe. The price of skimmed milk powder increased due to low stocks and limited shipping availability in Europe. Strong import demand and concerns about potentially lower export deliveries of whole milk powder from New Zealand also contributed to the increase in international dairy prices. However, cheese prices declined due to subdued export demand and high US inventories.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In February 2021, this indicator amounted to 113 points and was higher by 1.7% than in January 2021 and by 9.9% than in February 2020. The increase in the price index of dairy products in February 2021 was the result of an increase in the prices of butter , mainly as a result of increased purchases from China and limited export supplies from Western Europe, where due to the upcoming Easter, the internal demand for this milk fat has increased. Price increases were also observed for skimmed milk powder due to low stocks and limited shipping availability of this milk powder in Europe. In February 2021, strong import demand and concerns about potentially lower export deliveries of whole milk powder ...
Source: Gospodarz
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