UK's dairy exports increase while imports decrease

Published 2023년 1월 10일

Tridge summary

UK dairy exports increased by 3.5% in the January-October period, reaching 1,03 million tons, with cheese, whey, milk, and cream showing positive growth. However, powders and concentrates, butter, buttermilk, and yogurt saw decreases. The average price per ton has increased due to tighter supplies and higher production costs, leading to a 37% increase in total export value to £1.54 billion. Import value increased by 26% to £2.48 billion, driven by higher commodity prices, despite a decrease in volumes. Ireland remains the UK's largest supplier of dairy products.

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

Original content

According to AHDB analyst Charlotte Forkes-Rees, UK dairy exports overall saw an increase in the January-October period. Exports increased by 3.5% (35,200 tons) compared to the same period of the previous year and reached 1,03 million tons. Mixed performance continued in the basic product categories, with cheese, which showed an increase of 18% compared to the previous year, and whey, milk and cream (8% and 6%, respectively) that showed positive growth. However, decreases were seen in other categories; powders and concentrates 15%; 10% butter; buttermilk and yogurt fell by 24%. The average price per ton has increased significantly compared to the previous year. Price increases were driven by tighter supplies and higher production costs during the January-October period, reflecting higher global wholesale prices during the year compared to 2021. Overall it means that the total export value rose 37% to £1.54 billion. The latest figures show that the UK imported just over 1.0 ...

Source: Ticaret