Bulgaria: They refuse us milk and butter

Market & Price Trends
Published Mar 13, 2024

Tridge summary

Bulgaria has the highest prices for fresh milk and butter among EU countries, the USA, and Japan, leading to a decrease in consumption and production. Despite an increase in oil imports, exports have grown significantly more. The average price of fresh milk in Bulgaria is BGN 3.30 per liter, the highest in the EU. Although the purchase price of milk in Bulgaria is close to the EU average, the final price in stores is higher than in other EU countries with higher purchase prices, indicating a greater increase in price after processing and distribution.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Prices in Bulgaria are higher than in France and Germany. In terms of prices, we are ahead of the USA and Japan. Bulgarians are reducing their consumption of butter and fresh milk, and the reason for this is the high prices, according to data on the government website foodprice. bg and the Ministry of Agriculture. Thus, the traditional years ago breakfast of a slice with butter and something else and a glass of milk is gradually disappearing. Fresh packaged milk produced last year in the country was 66,280 tons, which is a decrease of 14.5% compared to 2021, according to data from the ministry. In the case of oil, the drop in production is even greater. Last year, 1,049 tons of oil were produced, compared to 1,257 tons in 2021. This represents a decrease of 16.5%. Foreign trade data confirm the decrease in oil consumption in the country. Oil imports are increasing, but the increase in exports is significantly greater than the growth in imports. Thus, with reduced production in the ...
Source: Trud
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