Bulgaria: Dairy and Products Market Update

  |   Attaché Report (GAIN)   |   BU2024-0004
In 2023 Bulgarian dairy farming stabilized with a growth in milk deliveries. This was due to improved milk yields despite continued decline in the dairy cow herd, and due to record high fluid milk imports. Consolidation and restructuring of the dairy industry have continued with an increasing and dominating role by larger, more efficient dairy operations. Food inflation began to soften in the middle of 2023 and, along with improving consumer incomes, have supported demand. Current FAS/Sofia expectations are that the dairy industry should strengthen with a rebound in milk production in 2024 due to continued investments in farm efficiency, improved feed availability, reduced inflation, and more dynamic demand by the retail and hospitality industries.

Related Reports

On April 4, 2024, the Food Safety and Standards Authority of India (FSSAI) published on its website, Order F. No. TIC-B02/2/2022-IMPORTS-FSSAI. The FSSAI order extends the effective implementation date for the mandatory registration of foreign food manufacturing facilities (FFMF) for the import of certain categories of foods such as milk and milk products; meat and meat products including poultry, fish, and their products; egg powder; infant food; and nutraceuticals to India.
Attaché Report (GAIN)

New Zealand: Dairy and Products Semi-annual

New Zealand fluid milk production is forecasted to be 21.2 million metric tons (MMT) in the 2024 market year (MY). This is a decrease on the previous 5-year average of ~21.6 MMT, reflecting the decreasing herd numbers and the short-term effects of the following: El Niño weather pattern, softening revenue, high cost of debt servicing, and challenging feed and fertilizer prices.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices further increased 2-3 percent mainly due the strengthening of the Thai baht.