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Abstract

The aim of the research was to indicate assets related to the export of dairy products. This was addressed to milk producers, co-operatives and bankers influencing the level of milk prices - after the elimination of the quota system and an indication of desirable investment destinations. The study was based on USDA data for the period 2005-2014. Average purchase prices, expressed in USD, were used for the analysis of the US market. The assumed average annual exchange rate of EUR/USD, calculated on the basis of exchange rates on the interbank market, was applied. Eurostat data were also used; the weight average price was the volume of production in the 25 countries of the EU (new EU countries were omitted). The study used the multiple regression method, t and F tests and coefficients of correlation, regression and determination. It was established that after the removal of the quota system, milk prices may rise due to an increase of prices and export value of hard cheeses traded internationally, especially cheddar cheese and skimmed milk powder.

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