News

The heat slowed down the fall in milk prices in the EU

Published Sep 13, 2023

Tridge summary

The decline in raw milk prices in the EU slowed down in August due to reduced milk production and limited supply of raw materials caused by the heat. However, the limited demand for dairy products and significant stocks of dry milk in warehouses are limiting the growth of average prices in the EU. Certain member countries such as Belgium, Romania, Bulgaria, Greece, and Cyprus saw an increase in raw milk prices, while others experienced a decline. Efforts to adapt milk production to market demand, such as reducing the number of cows in Latvia, may impact future prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In August, the rate of decline in raw milk prices in the EU slowed down. In a number of member countries, they stabilized and even went up due to the reduction of milk production and the limitation of the supply of raw materials due to the heat. However, the growth of the average price for raw materials in the EU is restrained by the limited demand for most dairy products on the European market and significant stocks of dry milk in warehouses, - reports the analyst of the Association of Milk Producers Giorgiy Kukhaleishvili. According to preliminary data from the European Commission, in August the average price of raw milk in the EU was 43.58 euro cents per kg, which is only 0.4% less than in July and 20.17% less compared to August last year. In Ukraine, raw milk cost an average of 33.24 eurocents per kg, which is -31.13% less than in the EU. In contrast to Ukraine, where purchase prices went uphill in conditions of heat, the reduction of milk yield and the supply of raw milk in ...
Source: Agravery
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