Good times in sight for the dairy business

The Agricultural Business Research institute (AKI) monitors trends in the world market of food. Data from the price information system (PÁÍR) of AKI and KSH can be useful for making even short term business decisions. World-wide demand for milk is increasing which has resulted in a shortage in developed markets. The average producer’s price in Hungary was up by 26 per cent in December 2007, at HUF 82 per kilo. The EU Commission is expected to reach a decision about increasing milk quotas by 2 per cent in March. Germany, France and Austria are opposed to this proposal, while Poland, Italy, The Netherlands, Greece, Latvia and Romania regard this rise as insufficient.