In Europe, Farmgate milk prices experienced a downward trend during the first half of 2023, aiming to restore stability. This decline was influenced in part by reduced milk consumption. In Germany, Spot prices fell approximately 27%, while in Italy, they declined by about 13%. Similarly, North America saw a decline in milk prices due to decreased consumption and the growing popularity of vegan lifestyles. The consistent decrease in Farmgate milk prices contributed to market stabilization in both regions.
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Definition
Farmgate milk refers to the price at which dairy farmers sell their raw milk to processors or cooperatives at their farm’s gate. It represents the initial transaction between producers and the dairy industry and is a critical factor in a farmer’s income. Farmgate milk prices can fluctuate based on various factors such as supply and demand, production costs, and market conditions.
Key Details About the Farmgate Milk Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Farmgate Milk in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The farmgate milk price chart, including India Farmgate Milk price, USA Farmgate Milk price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Farmgate Milk Price Trend:
Milk has several key industrial uses, including the production of dairy products like cheese, yogurt, and butter. It is a vital ingredient in the manufacturing of various food products, including baked goods, chocolates, and ice cream. Additionally, milk is used in the production of non-food items such as cosmetics, pharmaceuticals, and even certain plastics and textiles due to its proteins and fats.
Key Players:
- CLAL S.R.L
- Dairy Australia Corporation
- Australian Department of Agriculture
- Water and the Environment
- Fonterra Co-operative Group Limited
- Agriculture and Horticulture Development Board
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