After August inflation data, it can already be seen that with the price growth rate of 7.2 %, food is more expensive since May 2011.
Analysts’ forecasts indicate that we will still see increases until the end of the year. Forecasts of the analysts of the BNP Paribas, Credit Agricole, ING Bank Śląski, Alior, Santander and PKO BP banks point to the upcoming increases in meat, milk, eggs, rape and sugar at the end of November.
As the only daily newspaper, “Rzeczpospolita” has been investigating the directions in which prices of the main agricultural commodities will develop for a year and a half. According to the average drawn from analysts’ forecasts of six banks. We have repeatedly aptly announced the upcoming food increases, caused by an increase in exports, a decrease in production, drought and other This time, analysts from six banks announce that at the end of November the prices of milk will increase, the prices of which will go up by 7 % on average to 139.3 PLN per hectolitre (compared to July prices).
Drought and heat have contributed to this. Animals gave less milk as a result of heat stress, production in the EU clearly slowed down.
Milk prices in the coming months will remain at a higher level than a year ago, the economic recovery is affected by a strong increase in milk powder prices caused by exports.
Analysts expected that in September the prices of pigs in farms would increase by 4.9 % compared to the level from July to fall by 1.3% at the end of November. to an average level of 5.6 PLN per kg.
However, analysts do not agree here. – In the fourth quarter we expect a seasonal drop in purchase prices, but in my opinion they will remain high, which will be the result of sustained strong global demand.