Expert Opinion
Georghii Kukhaleishvili
analyst
Association of Milk Producers

Global Dairy Market: Milk Surpluses Put Pressure on Prices

Nearly all dairy regions experienced an atypical increase in milk yields, which led to a rise in global milk production volumes. According to calculations by…

Georghii Kukhaleishvili
analyst
Association of Milk Producers

Global Dairy Market: Cow Diseases and Weather Impact Milk Supply

From January to July, the EU's raw milk production decreased due to cow diseases and unfavorable weather. Drought has also led to lower yields in…

Rising prices for dairy products are projected further

Another increase in prices of almost all categories of dairy products showed the latest monitoring in the largest retail chains - an average of 6.5% for 8 months of 2021.

This is due to three factors:

  1. The jump in world prices for cereals and legumes - components of rations for cows - and rising costs of raw milk,
  2. Domestic shortage of raw milk,
  3. Seasonal growth in demand and prices of raw milk from the second half of summer

This is due to three factors:

  • The jump in world prices for cereals and legumes - components of rations for cows - and rising costs of raw milk,
  • Domestic shortage of raw milk,
  • Seasonal growth in demand and prices of raw milk from the second half of summer

The increase in the prices of final products is forecasted in the future, mostly for rennet cheeses, sour milk cheese, sour cream. One of the additional factors will be the expected increase in energy tariffs.

Hanna Lavreniuk, Director General of the Association of Milk Producers, comments for TV Channel Ukraine on the reasons and consequences of rising prices for dairy products.

Press service of the Association of Milk Producers