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Milk purchase price is still close to its historic high

Milk purchase price is still close to its historic high

According to the Central Statistical Office, the average purchase price of milk in Poland in April increased by 0.5%. The GDT index showed that changes in the price of dairy products on the New Zealand platform lost 0.9 percent in the last auction.



In April, according to GUS data, the average purchase price of raw milk in Poland increased by 0.5%. to PLN 152.27 / 100 liters. From April 2020 to April 2021, the price of milk increased by 14.6 percent. Currently, the price is 1.1 percent lower. From the historical maximum achieved in December 2013 (153.93 PLN / 100 l).

The chart below shows the purchase prices of raw milk in Poland according to the Central Statistical Office

Source: GUS

On the New Zealand GDT platform, the index reflecting changes in dairy prices in the last session (June 1, 2021) fell 0.9%. Butter lost 5.4 percent. Whole milk powder decreased by 0.5%, and the price of skimmed milk powder decreased by 0.5%. For a year (beginning of June 2020 – beginning of June 2021) the value of the index increased by 44.3%. This was the fourth consecutive decline in the index. During this time, its value decreased by 1.8 percent.

The chart below shows the value of the GDT indicator

Source: www.globaldairytrade.info

According to data from the European Commission (EC), in March of this year. The weighted average purchase price of milk in the 27 EU countries increased by 0.1%. Up to €35.02 / 100 kg. Over the past 12 months, the average price of milk in the EU has increased by 1.4%.

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The chart below shows the average purchase prices of raw milk in the European Union

Source: EC

According to European Commission data, the purchase price of raw milk in Poland decreased by 0.5% in March. It amounted to 32.84 euros / 100 kg. From March 2020 to March 2021, prices increased by 5.4%.

The chart below shows average raw milk purchase prices in Poland according to EU data

Source: EC




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