News

The July heat did not break the price trend of the EU dairy market

Published Aug 12, 2023

Tridge summary

Preliminary data from the European Commission shows that the price of raw milk in the EU decreased in July compared to the previous month and the same period last year. However, the situation varied across EU member states, with some countries experiencing a rise in milk prices due to heat-induced decreases in milk production. Overall, the reduction in milk prices may be due to factors such as high stock levels and decreased demand for dairy products.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to preliminary data from the European Commission, in July the average price of raw milk in the EU was 44.12 euro cents per kg, which is 0.54% less than in June and 15.78% less compared to July last year. In Ukraine, raw milk cost an average of 32.4 euro cents per kg, which is 36% less than in the EU. But if we pay attention to individual EU member states, the situation on the dairy market in Europe was rather ambiguous. Under the influence of the record heat, which led to the reduction of water resources, pastures and lactation in cows, milk production decreased in certain EU member states. In the conditions of a limited supply of raw materials for processing enterprises, there was an increase in purchase prices for raw milk in such countries as Spain (+13.3%), Croatia (+17%), Portugal (+17%), Italy (+6.6%) , France (1.12%) or Cyprus (+10%), compared to July 2022. Even in Finland, the price of raw milk rose by 4.53% in July compared to last year's period. At the end of ...
Source: MilkUA
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