In August 2020, the volume of raw milk production in the EU countries increased by 0.5%

Published Nov 10, 2020

Tridge summary

The article reports a 1.8% increase in the EU's milk production from January to August 2020, with notable rising trends in the production of various dairy products such as skimmed milk, drinking milk, butter, condensed milk, and cheese, while fermented dairy products and cream saw a slight decrease. Despite the overall increase, the average price of milk in the EU in August 2020 fell by 2.9% compared to the same period in 2019 but was 3.6% higher than the five-year average. Additionally, the article points out the price differences for butter and condensed milk in the EU compared to Oceania and the United States, providing current price figures for these products in October 2020.

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

Original content

In general, the growth in milk production in January-August 2020 amounted to 1.8% (+1.78 million tons). In January-August 2020, the production of SCM in the EU increased by 4.5%, the production of drinking milk increased by 3.4%, butter by 2.1%, COM by 1.8%, cheese by 1.7%, condensed milk by 1.5%. The production of fermented dairy products and cream decreased 0.2% year-on-year. The average price of milk in the EU in August 2020 was 33.05 eurocents per kg (28.85 rubles per kg, Index DIA in August 2020 was 27.34 rubles per kg), 2.9% lower than August 2019 and 3.6% above the average of the last five years. Prices for butter in the EU as of October 2020 are 16% higher than prices in Oceania and 27% higher than prices in the United States, while prices for COM ...

Source: Dairy