Fever, crop failures and cheese shortages push up milk prices in the EU

Published Nov 14, 2024

Tridge summary

The European Commission has reported a 1.4% increase in the average price of raw milk in the EU for October 2024, amounting to 50.28 euro cents per kg. This represents an 11.8% rise from the previous year. The price of milk in Ukraine was lower at 45.33 euro cents per kg. The highest prices were observed in Cyprus and Malta, while the lowest were in Latvia and Slovakia. The price increase is due to a decrease in milk production in major EU countries like Germany and Ireland, and disease outbreaks in cow herds. Additionally, demand from local cheese makers has likely contributed to the rising prices.

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

Original content

According to preliminary data from the European Commission, in October 2024 the average price of raw milk in the EU was 50.28 euro cents per kg, which is 1.4% more than in September. Compared to the price as of October 2023, the price of milk in the EU increased by 11.8%. In Ukraine, raw milk cost an average of 45.33 euro cents per kg last month. Compared to September of this year, the price of raw milk has increased in 16 EU member states. Among large producers and exporters of dairy products, prices for raw materials increased in Denmark to 51.75 eurocents per kg (+3.6%), France to 49.55 eurocents per kg (+2.4%), the Netherlands to 51.71 eurocents per kg (+1.4%) and Poland to 49.84 eurocents per kg (+0.9%) compared to September 2024. Milk rose the most in Belgium to 54.64 euro cents per kg (+12.5%). In October, purchase prices did not change in Germany, Ireland, Spain, Italy, Portugal, Finland, Malta and Cyprus, compared to September of this year. Over the last month, the price ...

Source: MilkUA