Bulgaria: Bovine Dairy Genetics Market Update
The challenging and dynamic development of the dairy industry in 2014 and in 2015 to date had a positive impact on the dairy genetics market. Increasing competition in the dairy market, abolishment of milk quotas, indirect effects of the Russian embargo with more imports of fresh milk from the EU, and the decline in milk prices, all have forced local dairy farmers to invest efforts, knowledge and funds in sharp improvement of their efficiency and productivity in order to compete successfully. Investment in good genetics became critical for farmers’ competitiveness. Imports of bovine genetics demonstrated stable growth over the last 2 years. U.S. dairy genetics holds a well-established, positive image on the local genetics market, currently estimated at about US$ 0.5-0.6 million per year. In 2014 and in 2015 to date, imports of U.S. dairy genetics showed record growth, both in quantity and in value.
