Farmers report a record increase in milk prices

This was reported by the press service of the Association of Milk Producers, writes agronews.ua .

The increase in the cost of milk production, inflation and the decline in purchasing power reflects the instability of the global economy and the dairy sector in particular. Entire industries did not have time to recover from the consequences of the protracted covid lockdowns of the past two years, when Russia's cynical war against Ukraine crippled the global economy and led to rapid inflation around the world, the report says.

The changes are associated with a jump in prices for feed, the main supplier of which was Ukraine, fuel, fertilizers and other cost components.

As a result, purchase prices for milk in the world are growing at a record pace. Thus, according to IFCN, the world combined price for milk in April 2022 was the highest in the history of monitoring (since 1996) and amounted to €59.7/c (fat-4%, protein-3.3%), - reported to AVM.

In the largest European milk-producing countries, purchase prices are also breaking records: Germany - €45.7/c (+28% compared to April 2021), France - €45.02 (+19.38%), Poland - €43 .78 (+30%).

At the same time, the price of milk in Ukraine for the corresponding period increased by only 2.6% - € 34.8 / c. War and blocking of exports do not give room for more price increases.