7:09 am: The price of milk explodes
Already at a very high level, the price of milk will increase further due to the ongoing historic drought in France, as farmers no longer have enough grass to feed their cows, with cascading consequences on the whole Dairy products.
“The price increases, which have existed for several months, will continue for dairy products,” says Benoît Rouyer, economic director of the National Interprofessional Center for Dairy Economics (Cniel).
In one year, a succession of shocks fueled inflation on food products, between the rapid post-Covid recovery and the war in Ukraine. For dairy products, the price of yoghurts increased by 4.5% between June 2021 and June 2022, semi-skimmed milk in cartons or bottles by 4.5%, butter by 9.8% and cheese from 5.2%.