Expert Melissa Clark-Reynolds warns that the rapid development of technology to process fermented milks instead of cow's milk is a major disruption for the New Zealand dairy industry. This technology has had a large development investment in the past 5 years. The dairy ingredients market is expected to be impacted the most by this new technology rather than whole milk. Milk prices are also expected to change as the cost of this technology decreases as more ingredients are derived from milk. In the first quarter of 2023, Dutch dairy farmers provided 3,555 billion kg of milk to milk processors, an increase of 4.1% compared to the first quarter of 2022. Milk supply in March 2023 increased by nearly 4% compared to March 2022, showing a continuous upward trend since June 2022. USDA said the US dairy cow price in April 2023 averaged $1.72 thousand per head, unchanged from January 2023, but up 10 per cent compared to April 2022. The quarterly average price has risen to $1.72 thousand ...
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