Dairy products market in Poland on 29/09/2024

Between September 23 and 29, 2024, Poland experienced a notable shift in dairy product prices, with increases in butter and cheese prices due to higher global market prices and reduced domestic raw milk supplies. Specifically, butter prices rose by 1% weekly and 4% monthly, with block butter at PLN 31.71/kg and packaged butter at PLN 36.28/kg. Skimmed milk powder (SMP) prices increased by 3% weekly and 3.5% monthly, reaching PLN 11.11/kg, while whole milk powder (PMP) prices were 0.4% lower weekly but 4% higher monthly, at PLN 17.72/kg. Cheddar cheese prices saw a 6% decrease weekly but were 4.5% lower monthly and 23% higher yearly, at USD 4,652/t. Meanwhile, the Chicago Stock Exchange reported a decrease in butter prices by 8% weekly and 14% monthly, but increases in SMP and PMP prices by 19% and 24% yearly, respectively.

Dairy product sales prices On 23–29.09.2024, dairy plants monitored within the Integrated Agricultural Market Information System of the Ministry of Agriculture and Rural Development sold butter in blocks at PLN 31.71/kg, which was 1% more expensive than in the previous week. This was a price level 4% higher than a month ago. Packaged butter was sold at PLN 36.28/kg, which was 1% more than a week ago and 8% more than a month ago. Block butter was 48.5% more expensive than a year ago, and packaged butter was 50% more expensive, which was mainly the result of smaller supplies of raw milk in the country, rising milk purchase prices and high butter prices on the global market. The SMP sales price was PLN 11.11/kg, which was 3% more than in the previous week and 3.5% more than a month ago. Compared to last year's prices, OMP was 2% cheaper. The price of PMP was 17.72 PLN/kg, which is 2% lower than a week ago, but 5% higher than a month earlier. Compared to last year's prices, the ...