Inflation in the dairy sector does not have to disappear in the short term, according to the French interprofessional
Dairy
France
Published Sep 21, 2022
Tridge summary
The prices of industrial dairy products are currently reaching very high levels, specifically €3,650/t for skimmed milk powder and €7,500/t for butter, which represents increases of 45% and 85%, respectively, over the long one year. However, recent trends are a bit different for the two products. The price of butter continued to rise steadily, while that of skimmed milk powder tended to fall slightly.
Original content
The current context of high prices for dairy products is going to be linked to a slow evolution of production in the main exporting basins of the world, according to the assessment of the dairy interprofession CNIEL. In the last 12 months, milk production has decreased in the United States and the European Union by around 0.5% and has shown a quite marked drop, greater than 4%, in New Zealand. In the case of France, milk deliveries have fallen by 1.6% since the beginning of the year as a result of the increase in costs, which have increased by more than 20% in one year, according to the price index for the purchase of means of agricultural production. The interprofession points out that costs have increased throughout the entire chain. The collection, transformation and distribution activities have been affected by the rise in the price of gasoline and diesel but also by the rise in the price of packaging”: +16% for plastic and +28% for cardboard in one year. The average price of ...
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