The procurement price of fresh milk in Latvia was 36.81 EUR/100 kg in November 2023, which is 4.4% more when compared to October and 25.1% lower when compared to November 2022, according to data composed by the Market and Direct Support Department of the Ministry of Agriculture.
As compared to November 2022, the ministry notes that milk procurement in Latvia went up by 2.9% and was 63 330 tonnes in November 2023.
Fresh milk procurement price in the EU was 44.40 EUR/100 kg in October 2023, which is 2.3% more when compared to the previous month and by 21.6% less when compared to October 2022.
The ministry notes that in ten months of 2023 the EU procured 122.4 million tonnes of milk, which is 0.4% more when compared to the same period of 2022.
There was a 3% drop in butter production, a 2% drop in cheese production, 3% drop in cream production, 2% drop in fermented products production, as well as a 2% drop in production of whole milk powder. Skimmed milk powder production saw a drop of 5%.
When compared to the first ten months of 2022, global milk production went up 0.3% in ten months of 2023.
Data from the European Commission indicates that when compared to the situation a year prior, in ten months last year, EU exports of whole milk powder went up by 11%, exports of butter went up by 13%, cheese by 3%, skimmed milk powder by 16%, whey by 1.4%, and condensed milk by 12%. In its turn, exports of prepacked milk decreased by 4%, of bulk milk – by 24%, and of infant food – by 13%.
EU producers’ exports of skimmed milk powder to Algeria increased by 38%, as well as an increase to the Middle East region. Exports of skimmed milk powder to China decreased by 7%.
Exports of butter to Saudi Arabia went up 60%, exports to USA went up by 13%, to China – by 16%. Exports of butter to Britain went down by 18%. Cheese exports to Chile increased threefold, to China – by 13%, to the UK – by 1% and to Switzerland – by 1%, but decreased to Japan and the USA. Exports of baby food to China decreased by 17%, to the UK by 15%, and to Algeria by 68%.
Imports of cream to the EU went up by 70%, imports of skimmed milk powder went up by 13%. Imports of bulk milk went up by 8%. Imports of cheese went down by 8%, yoghurt – by 47%, and butter – by 19%.
Also read: Ukrainian President Zelenskiy appreciates diaspora support and proposes dual citizenship
Follow us on Facebook and X!