Milk market and purchase prices in Poland: What are the forecasts for the first half of 2025?

Milk production by major global players As analysts from PKO BP SA bank point out in the latest Agro Navigator, milk production by major global players has been decreasing year-on-year since March, among others due to the pressure of smaller supplies in the USA (-0.8% year-on-year in the period from January to July 2024), or in Argentina, where a decrease of as much as 12% year-on-year was recorded in this period. In July and August, production rebounded in New Zealand, although in the opinion of analysts, due to the seasonal low, this did not have a major impact on global supply. In turn, in the EU, production was still higher - in the first 8 months of 2024 by 0.5% year-on-year, although July and August alone brought a decrease of 0.5% and 1.4% year-on-year, respectively. Analysts indicate that the worse result in August is mainly the result of a decrease in supplies in Germany by over 5% year-on-year. In Poland, on the other hand, production is increasing - in the period from ...