From the point of view of the consumer, this decrease in the price of oil is of great importance. Especially in the pre-Christmas period, – said economist Slawomir Kalinovsky on TVN24, explaining the oil sales tender announced by the State Agency for Strategic Resources. He added, but from the point of view of the economist, this is an incomprehensible decision. In turn, the director of the Polish Chamber of Milk, Agnieszka Malyszewska, said that “someone buys this butter and exports it to the place where he gets more income from it.”
The Prime Minister's Office announced on Tuesday that the State Agency for Strategic Resources has issued a tender for the sale of frozen oil in 25 kg blocks. In total, RARS wants to sell about 1,000 units. tons of this product. The minimum selling price of oil is PLN 28.38/kg (excluding VAT).
“Recently, the price of oil on the world markets has risen significantly, which is primarily due to the lack of milk. This situation also affected Poland. In order to stabilize the market situation, the State Agency for Strategic Resources announced a tender for its sale. made a large amount of oil”, said the statement of the prime minister's office.
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– I'm staying a bit in the middle here. Because from the consumer's point of view, I understand that lowering the price of oil is very important. Especially during Christmas. As an economist, I don't understand a bit. Because there is a distortion of this market price. It will be difficult to recover from this market situation. It's not that simple, said Dr. Hub on TVN24. Slavomir Kalinovsky, economist and professor. Institute of Rural Development and Agriculture of the Polish Academy of Sciences.
– But on the other hand, 1 thousand tons, this is probably 5 million cubic meters of oil. It is not so much that we should fear any major market disruption in this direction, he added.
Oil is “required”
According to the chairman of the Polish Milk Chamber, Agnieszka Malyszewska, the sale of butter from the sources of this institution is a political decision that will not change the situation on the market. Malyshewska showed that 18-21 thousand pieces are produced in Poland every month. tons of oil. – Perhaps someone will buy this oil and export it to the place where the income will increase, – said the head of PIM.
He noted that oil has not become more expensive compared to wages. As he said, it was simulated how many sticks of oil can be bought for the average net salary in 2022 and this year. – It turned out that two years ago it was possible to buy 587 cubic meters of oil, now it is 721, – he emphasized.
The data of the Ministry of Agriculture and Rural Development show that in the first week of December 2014, dairy factories sold butter in blocks at an average price of 36.68 PLN/kg, 2%. cheaper than a week ago and increased by 11.4 percent. It is more expensive than a month ago.
The Director of the Chamber noted that the oil is currently “in demand” worldwide and the price is good. – World milk production is becoming less profitable due to very high production costs, especially in Europe, – Malyshevska said. He added that many factors affect the price of butter, including: consumers are definitely moving away from hydrogenated fats, such as margarine, which will increase the demand for skimmed milk and, as a result, increase its price.
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The price of oil
According to a study by PanParagon, at the beginning of January of this year, the average price of oil per cube was 6.99 PLN. In December it was PLN 9.11. “This means an increase of about 30 percent in one year,” we said in the analysis. It includes receipts with purchase dates between the 1st and 6th of every month from 2024.
According to the data collected by DlaHandlu portal, the average price of oil has increased to PLN 8.6.
In early December 2024, the Food and Agriculture Organization of the United Nations (FAO) wrote in a study that “world oil prices rose for the fourteenth consecutive year, due to strong domestic and international demand in the context of limited supply, especially the record just arrived in Western Europe. The price of cheese has also increased, which reflects the limited possibilities of meeting the growing demand for imports.
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