Falling milk prices can be expected this year
The EU milk market is expected to drop this year according to an analysis by the Agricultural Directorate of the Takarék Group – agrarszektor.hu wrote. Consumption and processing on the world market are on the rise, but there is still a lot to be done to improve competitiveness in Hungary and in the European Union as well.
The milk quota system was the most important element of regulation of the EU dairy market, as it was actually regulated the volume of milk produced individually and domestically. The milk quota system was introduced in 1984 to deal with accumulation of stocks and financing problems among the member states.
(agrarszektor.hu, Hollósi Dávid, Takarék Agriculture Directorate)
Related news
Twenty years in the EU: how has Hungarian consumption changed?
On 1 May 2004 ten new member states joined the…
Read more >MNB: Hungary’s competitiveness in the EU ranking has deteriorated
Hungary’s competitiveness fell two places in 2023 compared to the…
Read more >Inflation moderated in the euro zone and the EU in February
In February, inflation of 2.6 percent, which was lower than…
Read more >Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >