The domino effect of the increases in international raw material prices, the increases in transportation costs and production are inevitably reflected in the supermarket basket. In this case the increases concern the price of milk. According to "K", the dairy companies intend to proceed with price increases in order to cover part of the increase in production and transport costs. Specifically, a liter of fresh milk will be sold 4 cents more expensive on the shelves of grocery stores. This increase will take effect in November. The dairies have already informed their partners about their new pricing policy.
Speaking to "K", the CEO of the company Charalambidis Christis Marios Konstantinou, explained that there is a serious problem with the increases in feed prices internationally. At the same time, the president of Dodoni Cyprus, Panikos Hatzikosta, describes that the producers and the dairy industry are going through a serious crisis, which has its roots in the period of the pandemic, with the reduced demand in the market. "Right now the cheese industry has huge problems with high product stocks and lower sales than in other years," he said.