This chart illustrates the top 10 countries where the average price of 1 liter of regular milk is highest. Hong Kong leads with $3.19 per liter, followed by Taiwan at $2.99 and Cuba at $2.86. Other countries in the top 10 include Singapore, Nigeria, Canada, Qatar, South Korea, Norway, and El Salvador.
The 'price per liter' refers to the cost of one liter of regular milk in a given country, reflecting local market conditions, production costs, and economic factors.
The cost of milk varies significantly across countries due to factors such as production costs, import dependencies, and local economic conditions. In Hong Kong, the high price of $3.19 per liter can be attributed to limited local dairy production and reliance on imports, leading to increased costs. Similarly, Taiwan's price of $2.99 per liter reflects its dependence on imported dairy products to meet domestic demand. Cuba's price of $2.86 per liter is influenced by economic challenges and import restrictions, affecting the availability and cost of milk. In contrast, countries like the United States have lower milk prices, with an average of $1.06 per liter, due to robust domestic dairy industries and economies of scale. Understanding these price disparities is essential for consumers and policymakers to address food affordability and accessibility issues globally.
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