UK: August 2024 dairy market review

Published 2024년 9월 10일

Tridge summary

In August 2024, GB milk deliveries totalled 991 million litres, marking a 0.5% year-on-year decrease due to slow recovery from wet conditions and a decline in cow numbers. The global milk market experienced mixed trends, with the EU seeing a 1.0% increase in production. The UK dairy market was marked by decreased production of butter and milk powders, offset by growth in cheese imports and exports of dairy products like cheese, whey, milk and cream, and yoghurt. Despite a decline in total export volumes, prices for cream, butter, and mild cheddar increased in September, alongside a slight increase in aligned contract prices for most processors, but with variations among them.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

GB milk deliveries are estimated to have totalled 991 million litres in August 2024 with an average of 32.0 million litres per day. This would mean a decline of 0.5% year on year. Declines in milk supplies have slowed since the early part of the year but are still running behind forecast with July and August together running 1.0%, or 20 million litres, behind forecast. Recovery from the prolonged wet conditions from autumn through to Spring last year has been slow and grass growth has been behind average in August. See the latest grass growth data visualized on the Forage for Knowledge webpage. More positively, hay and straw prices have eased significantly from the record peak seen in July which will offer some comfort to farmers. Cow numbers are reported to have declined a little. The latest BCMS figures record the GB milking herd at 1.61 million head, as of the 1 July 2024. This is down 0.3% on the previous year, driven by decreases across all age categories apart from 2-4 ...

Source: Ahdb