Dairy products becoming more expensive: why are your favorite everyday foods getting more and more expensive?
Dairy products are still among the more expensive foods, and prices have even risen in recent months. According to AKI’s latest report, in September 2024, the processing sales prices of many dairy products increased compared to the previous month: the price of 1.5% UHT milk by 9%, 2.8% fresh and UHT milk, and Trappist the price of cheese rose by 7%, while the price of portioned butter rose by 6%, and fruit yogurt and sour cream by 5% – Agrárszektor says.
Changes in milk prices: domestic and export prices of raw milk
The average producer price of raw milk in September this year was HUF 173.21 per kilogram, which represents a 4% increase compared to the August level and is 13% higher than in September 2023. Milk exports also showed a significant increase in price: in September, the export price of HUF 212.85 per kilogram was registered, which is 7% higher than in August and 30% higher than a year earlier.
The transformation of milk consumption habits
In recent years, changes in milk consumption have been influenced by several factors. In addition to the effects of the pandemic and inflation, the period of price caps also contributed to consumers changing their purchasing habits of dairy products. As a result of the price increases, many people are looking for cheaper alternatives or reducing the consumption of dairy products, which has transformed the demand for dairy products in the domestic market.
Why is milk more expensive?
The continuous increase in prices is partly caused by the increase in raw material prices and production costs. The purchase price of raw milk in September was 4% lower than the previous month, but it still exceeded the September 2023 volume by 5%. And the export prices show the trend even more: the export price of raw milk is 30% higher than a year ago and 23% higher than the domestic producer price, which indicates that export demand is also contributing to the price increase. .
Related news
The processing sales price of UHT milk increased the most in September
According to AKI PÁIR data, the national average producer price…
Read more >UHT and fresh milk price competition: how have milk market trends changed?
Recent years have brought significant changes to the Hungarian milk…
Read more >Milkmen Kft. and SZTE are developing a system that supports the work of dairy farms
Milkmen Földesi Tejtermelő Kft. and the University of Szeged (SZTE)…
Read more >Related news
Kifli.hu, Mastercard and Élélmiszerbank are launching a fundraising campaign for children’s meals
The Magyar Élélmiszerbank Egyesület, with Mastercard and Kifli.hu are launching…
Read more >Black Friday 2024: more aware customers and a turnover of 160 billion is expected
Although Black Friday is no longer as attractive to customers…
Read more >JYSK’s newest store opens in Ózd, on the occasion of which the company once again supports a non-governmental organization
On November 6, JYSK’s newest store will open in Ózd,…
Read more >