Thawing of HoReCa industry will raise poultry, milk prices
11:08
The thawing of the HoReCa sector may help to maintain a good situation on the milk market, as well as influence significant increases in poultry purchase prices, according to PKO Bank Polski's Agro Navigator 2Q21. According to the bank's analysts, grain prices are likely to remain higher than a year ago at least until the end of this year.
The authors of the report point out that easing of economic restrictions, including unfreezing of HoReCa activities, as well as high demand on non-EU markets, will affect price increases in the milk market, and the average procurement price may be higher by 6-10% y/y in H2 this year.
In the case of the poultry market, the average purchase price of poultry in H2 2021 is expected to increase by 20-25% y/y
Moreover, the average purchase price of pigs in H2 this year maybe 17-21% higher y/y, it was also stated.
