More and more of these dairy products are sold in Hungarian stores

Published 2022년 5월 28일

Tridge summary

The U.S. Department of Agriculture reports a growth of 1% in milk production and a 2% increase in global cheese production in 2021. However, whole milk powder and non-fat dried milk production saw a decrease. The European Union also experienced an increase in cheese, butter, and whole milk powder production by 3%, while skimmed milk powder decreased by 6%. The EU's raw milk prices rose, leading to a decline in milk production, and rising inflation and input costs are expected to increase consumer prices for dairy products. Hungary saw a decrease in its cattle herd and a shift towards imported dairy products. The foreign trade balance of milk and dairy products in Hungary deteriorated by 19% in 2021, but sales revenue of exports increased by 5% and the value of imports by 6%.

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

Original content

According to an analysis by the U.S. Department of Agriculture (USDA), milk production in countries that dominate world trade in dairy products grew by 1%, while global cheese production grew by 2% in 2021 over the previous year. In contrast, the production of whole milk powder fell by 1% and that of non-fat dried milk by 2%, according to the latest report of the Market Price Information System (PÁIR) of the Institute of Agricultural Economics (AKI). In comparison, in the European Union, cream production increased by 3%, cheese production by 2%, liquid milk by 1%, condensed milk and sour milk products by 2% and butter by 3%. skimmed milk powder decreased by 6% and total milk powder by 12% in 2021 compared to 2020. The increase in cheese production and the decrease in total milk powder production were due to an increase of 6% and a decrease of 11% in the volume of exports to third countries. According to the USDA, the increase in global milk supply could be around 1% in 2022. ...

Source: Agrarszektor