A liter of milk costs 40 lire.
After the fall in production and the increase in costs, the price of a liter of milk in the markets at the end of August 2023 was 40 lire.
After the National Dairy Council (USK) increased the price of milk sold by the producer in the middle of last month, there was no change in retail prices. Last month saw sharp increases in the prices of milk and milk products.
The widespread prices of branded milk across the country increased by 12 to 35 percent and reached the range of TL34.50 to TL38.95. At the beginning of the year, the liter of milk cost 18.95 TL.
After the increase, the price of a liter of private label milk exceeded 20 lira for the first time and rose to 21.5 TL.
THE BUTTER HAS A 22 PERCENT, THE CHEESE A HIGH 26 PERCENT
The hunger and poverty threshold data for August 2023, announced yesterday by Türk-İş, revealed the monthly increases in milk and dairy products.
Thus, in the last month the prices of milk increased by an average of 12 percent, yogurt by 14 percent, butter by 22 percent and cheese by 26 percent.
ONE LITER IS PRODUCED FOR 12.63 TL AND IS SOLD FOR 11.50 TL
Cost increases that began with the currency crisis in August 2018 caused a new increase in milk and milk products almost every month at that time; In subsequent periods, the crisis worsened when the dairy farmer made sales at a loss and sent his cows to slaughter.
The most important reason behind the continued increase in milk and dairy products since last year is that the dairy farmer, unable to afford the cost, sends their milk producing cows to slaughter, and this is now reflected in the data of production.
According to the latest TURKSTAT data, drinking milk production decreased by 11.2 percent in June. The largest decrease in production in the first six months of the year occurred in butter, with a decrease of 15.2 percent.
According to data from the Association of Cattle, Meat and Milk Breeders (TÜSEDAD), a liter of milk is produced for 12.63 lire.
On the other hand, the National Dairy Council (USK) had decided to set the recommended price for raw milk so that the producer would receive net 11.50 lira per liter from August 1. This means that the producer continues to have losses per liter.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
