Bulgaria: We are at the top in terms of the decline in purchased milk

Published 2022년 7월 25일

Tridge summary

Bulgaria has seen a 7% decrease in milk purchases in the first five months of the year, according to the Center for Economic Research in Agriculture (CAPA), due to increasing production costs and unprofitability. The total milk purchased for 2022 is predicted to fall to 665 thousand tons. However, the average purchase prices for 2022 are expected to rise to BGN 0.79/kg for cow's milk and BGN 1.58/kg for sheep's milk. The high costs of concentrated feed and roughage are also contributing to the challenge. Duty-free imports of grain from Ukraine may help reduce feed prices for livestock farmers. Until July 29, 2022, farmers can apply for short-term loans of up to BGN 15,000 at a 2% interest rate to help with financial challenges.

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

Original content

Bulgaria is among the countries in the European Union, where the largest reduction in the quantities of purchased milk is reported, according to the Center for Economic Research in Agriculture (CAPA). For the first five months of the year, there was a decrease of 7% on an annual basis to 296 thousand tons, according to the data of the Ministry of Agriculture. Vote: Are you satisfied with the work of Minister Ivan Ivanov and his team? "The reasons are in the growing costs of production and the critical profitability", the analysts are categorical. In the absence of a more sensitive increase in purchase prices, the decline in production according to SARA estimates will continue and the total purchased milk for 2022 may fall to 665 thousand tons. SARAH: Forecasts for average purchase prices for 2022 are to increase to BGN 0.79/kg for cow's milk and BGN 1.58/kg for sheep's milk. Economists also report that costs are outpacing the increase in revenues and are up 60% for concentrated ...

Source: Agri