Milk Purchase Prices in the EU Decreased by 20.86% Year-on-Year

The average purchase price of milk in the European Union has decreased by 20.86% compared to July of last year, despite a reduction in milk yields and the heat. The main reasons are high stock levels and a decline in demand from China. In Ukraine, the price of extra-class milk in July was 31.63 euro cents per kg. Over the month, the price of milk increased in only 5 EU countries: Denmark (43.48 euro cents; +3.82%), Latvia (37.69 euro cents; +0.27%), Romania (38.19 euro cents; +4.15%), Slovenia (38.38 euro cents; +0.97%), and Slovakia (36.86 euro cents; +0.63%). Prices remained unchanged in 9 countries, while a decrease was recorded in 12 countries. The highest prices were in Cyprus (66.12 euro cents per kg) and Malta (63.66 euro cents per kg), while the lowest were in Lithuania (33.78 euro cents per kg) and Hungary (35.99 euro cents per kg). Analysts note that the price decline occurred against the backdrop of reduced production and weak demand from the Middle East. The European Commission expects a 5% reduction in the export of whole milk powder by 2026. In Ukraine, there is also a slowdown in demand for dairy products, which may lead to a price increase of 5-10% by the end of summer.

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