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2022 Dairy market outlook now online
Thursday, 27 January 2022
We have just published our latest outlook for the UK dairy market.
With high input costs and ongoing impacts from the pandemic, we take a look at what 2022 will bring for dairy markets, production and trade.
- GB milk production is forecast to end the 2021/22 season down on the year, with only modest growth in calendar year 2022, as high input costs impact yields.
- Input costs are likely to remain high for at least the first part of 2022.
- The domestic demand balance between retail and foodservice is expected to gradually shift in the direction of pre-pandemic levels, though Omicron will delay this transition to later in the year.
- Tight global milk supplies are expected to keep international markets supported.
- UK imports will likely be up compared to 2021 as foodservice demand returns.
- Overall, wholesale and farmgate prices are likely to remain supported through the first part of 2022.
Follow the links below to read the full story:
Read the full dairy outlook here
Read our long-term outlooks here – with new economic outlook
Find our outlooks for other sectors, including inputs, here
In a rush? Watch the video summary here
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