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Summer dairy market outlook now online
Thursday, 28 July 2022
We have just published our latest outlook for the UK dairy market. In a year of particular uncertainty, we’ve taken a deep dive into everything affecting production, prices and demand to put together our expectations for the rest of 2022.
Key points from the outlook:
- GB milk production is forecast to finish the 2022/23 season between 1% and 3.8% lower year on year, depending on the severity of cash flow pressures
- Input price volatility, uncertainties around milk prices, and labour shortages will discourage most farms from pursuing yield growth or herd expansion
- Milk prices are high but are only just keeping pace with rising production costs
- China’s oversupply may limit import demand for the remainder of the year, affecting global product pricing
- Low economic growth and food price inflation will weaken demand, potentially limiting further milk price increases
Follow the links below to read the full story:
Read the full dairy outlook here
Read the economic outlook here
Outlooks for our other sectors will be published in the coming days and weeks. Find them all on the Agri Market Outlook page here.
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