milk crisis

Decline in cow’s milk production: A look at prices and trends in 2023

In 2023, there was a notable decline in the production of cow's milk within domestic dairies, dropping by 7.5 percent compared to the previous year, as per data from the Republic Statistical Office. Breaking it down quarterly, the fourth quarter of 2023 witnessed a significant 21.3 percent decrease in cow's milk production compared to the same period in 2022. Meanwhile, purchase prices for cow's milk saw a considerable 17.9 percent increase between January and December 2023 compared to the preceding…