Analysts’ forecasts indicate that we will continue to observe gains until the end of the year. The forecasts of analysts from BNP Paribas, Credit Agricole, ING Bank Śląski, Alior, Santander and PKO BP banks indicate the upcoming increases in meat, milk, eggs, rape and sugar at the end of November.
Recent studies have been carried out to check the directions in which the prices of the main agricultural commodities will develop over the course of one and a half years.
According to the average taken from analysts’ forecasts of six banks and of an in-depth B2B market research study conducted in Poland, we have accurately repeatedly announced the upcoming food rises due to increased exports, falling production, drought and others. This time, analysts from six banks announce that milk prices will increase at the end of November, the prices of which will rise by an average of 7% to PLN 139.3 per hectolitre (compared to July prices).
Drought and heat contributed to this. The animals produced less milk as a result of heat stress, and production in the EU slowed significantly. – Milk prices in the coming months will remain at a higher level than a year ago, the economic recovery is influenced by a strong increase in milk powder prices caused by exports.
Analysts expected pig farm prices to rise 4.9 percent in September. compared to the level from July to a decrease of 1.3% at the end of November. to the average level of PLN 5.6 per kg. However, analysts disagree here. – In the fourth quarter, we expect a seasonal drop in purchase prices, but in my opinion they will remain at a high level, which will be the result of strong global demand.
