Hungary: The producer price of raw milk decreased by 26 percent compared to a year earlier

Published Feb 20, 2024

Tridge summary

In December 2023, raw milk's producer price saw a significant decrease in the EU, New Zealand, and the USA, with reductions of 20%, 17%, and 16% respectively compared to the previous year. However, in Hungary, the average producer price of raw milk increased by 2% in January 2024 from December 2023, reaching HUF 164.63/kilogram, but it was still 26% lower than the same month of the previous year. Prices for various dairy products like fresh milk, canned UHT milk, portioned butter, and sour cream also saw an increase, while prices for fruit yogurt and 1.5% fat boxed UHT milk remained stable.

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

Original content

In December 2023, the producer price of raw milk in national currency decreased by 20 percent in the European Union, by 17 percent in New Zealand, and by 16 percent in the USA compared to a year earlier. (Photo: Pixabay) According to AKI PÁIR data, the national average producer price of raw milk in Hungary was HUF 164.63/kilogram in January 2024. In addition to a 0.07 percentage point deterioration in fat content, a 0.05 percentage point increase in protein content and a 2 percent increase in the base price, the average price of raw milk rose by 2 percent in January 2024 compared to December 2023, and was 26 percent below the average price of the same month of the previous year. According to the data of AKI PÁIR, in January 2024, compared to the previous month, fresh milk in bags and boxes with a fat content of 2.8 percent (+4 percent each), canned UHT milk with a fat content of 2.8 percent, portioned butter (+3 percent each percent), the processing sales price of sour cream (+1 ...

Source: Trademagazin