Hungary: Rock-hard milk price increases in domestic stores

Published Jul 23, 2022

Tridge summary

The price of milk and dairy products in Hungary is experiencing a significant increase, with the national average producer price of raw milk per kilo rising by 47% compared to the previous year, reaching over HUF 160 in June. This surge in prices is also reflected in the European market, where prices are even higher. As a result, Hungarian farmers are receiving offers from foreign dairies for a higher price, leading to a decrease in the delivery of raw milk by 30% in June compared to the previous year. Consumers are also feeling the pinch as the prices of various dairy products such as cow's cottage cheese, natural yogurt, sour cream, and canned milk have also increased significantly.

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

Original content

For the time being, the price increase on the milk market seems unstoppable, the rise in prices is also significant at home, but the prices on foreign markets are much higher than domestic ones. According to the report of the Agrárközgazdasági Intézet (AKI), the national average producer price of raw milk per kilo exceeded HUF 160 in June, which corresponds to an increase of about 47 percent compared to the level of a year earlier, and exceeds the May prices by six percent. Meanwhile, it rose to EUR 0.66 (HUF 265) in Italy and EUR 0.58 (HUF 232) in the Netherlands, and the market price of raw milk from Germany and Austria reached EUR 0.64 (HUF 256). However, in addition to the raw material, the price of various dairy products also increased greatly. The price of cream per kilo in the EU approached HUF 1,400 (EUR 3.48) in June, reports Magyar Nemzet. You may also be interested in this! Another big increase in food prices is coming in the fall in Hungary: it's better to prepare for ...

Source: Agrarszektor