Increased milk production in March brings the 22/23 season to a close

Wednesday, 12 April 2023

In March, GB milk deliveries were estimated at 1,088 million litres, in-line with AHDB’s March forecast update and the 5-year average for the month. This is a 1.2% volume increase compared to March last year. Daily deliveries for the month averaged 35.09 million litres up 3% on February following the usual seasonal trend.

This brings the GB estimate for the 2022/23 season to 12.39bn litres, a marginal increase of 0.2% compared to the previous season and in-line with our forecast. After a slow start to the season due to squeezed farm margins, milk production picked up in the latter half of the year following high milk prices, with seven consecutive months (Sep – Mar) recording increased production year on year.

With yields expected to remain high through spring, we have forecasted marginal growth for milk deliveries in the 2023/24 season (+0.5%). However, this heavily depends on the extent of milk price declines, as tightening farm margins could potentially lead us to see higher destocking rates.

Graph showing GB daily milk deliveries for the 2022/23 season against the 5-year average and 2021/22

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