Cow milk remains the most value-for-money in United Kingdom, no alternative

Published 2022년 11월 17일

Tridge summary

The article provides an overview of the current state of dairy milk prices in the UK, highlighting their stability despite rising food prices due to inflation. It notes that cow's milk continues to be a favorite and a cost-effective source of nutrition, while alternatives like soy and almond milk make up a small fraction of the market. The article also addresses the factors contributing to the increase in milk prices, including higher production costs and labor shortages, leading to lower milk deliveries. Despite these challenges, dairy processors have increased the price paid to farmers to help cover costs, and manufacturers have had to pass these increased costs onto consumers in the form of higher selling prices for fresh milk.

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

Original content

In an unsettled economic climate and a cost-of-living crisis AHDB’s Susie Stannard and Patty Clayton give an overview of dairy milk prices in comparison to alternatives. Challenging times Inflation has hit all food sectors hard. According to the ONS, food and non-alcoholic beverage prices rose by 14.6% in the 12 months to September 2022. This presents consumers with a challenge to look at some of their purchasing decisions to save money. Dairy products have long been seen as a staple item and used as a loss-leader to tempt shoppers into supermarkets meaning the price of milk has historically been at artificially low levels, with prices barely moving at all. The average price of a litre of own label cow’s milk was £0.54 in the 12 weeks to 7 Oct 2018 and £0.55 on 12 weeks to 2 Oct 2021 according to Kantar. Milk has been cast as a low-margin, high volume heavily commoditised category. Cow’s milk remains a favourite in Britain’s households and alternatives are very different markets. ...

Source: Ahdb