UK: November 2024 dairy market review

Published Dec 11, 2024

Tridge summary

In November 2024, GB milk deliveries saw a significant increase of 4.4% compared to the previous year, totaling 1,018 million liters and averaging 34.0 million liters per day. This surge, attributed to beneficial milk to feed price ratios, favorable weather, and an increase in Autumn block calving, has resulted in a 0.4% increase in milk production compared to the same period in 2023. Despite this growth, organic milk deliveries have seen a decline, with a 9.3% decrease compared to the previous year.

The GB milking herd has also seen a decrease, with a 0.9% drop compared to the previous year, resulting in the lowest October number recorded. However, expectations for milk production for the 2024/25 milk year are revised to account for the current market situation, with an expectation to end 0.9% above the previous year.

Dairy exports from the UK for Q3 2024 saw a decline, with the lowest quarterly volume recorded in the last two years due to a sharp decline in exports of powders. However, cheese and curd, whey and whey products continued to grow year-on-year. Cow’s dairy volumes declined by 0.6% year-on-year, and spend on cow’s dairy declined 0.1%, despite growth in average prices. However, cow’s cheese, cow’s yoghurt, yoghurt drinks and fromage frais continue to grow, with standard plain yoghurts and healthy yoghurts seeing the fastest growth.
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 1,018 million litres in November 2024, a substantial rise of 4.4% compared to the wet November 2023. Daily deliveries averaged 34.0 million litres per day. Production for this year’s milk season so far (April-November) sits at 8,279 million litres. After a steady start to the year, a surge in Autumn production has boosted overall output which is now up by 0.4% compared to the same period in 2023. A combination of an attractive milk to feed price ratio, favourable weather keeping cows out longer and increases in Autumn block calving has benefitted milk volumes, pushing production well ahead of last year. For the milk season so far (Apr-Oct), GB organic milk deliveries are estimated to have totalled 203.21 million litres, this is down by 9.3% compared to 2023/24 and down by a substantial 23.1% compared to 2022/23. In the week ending 02 November, deliveries averaged around 1.0m litres/day, back by 2.9% year-on-year. This is against a ...
Source: Ahdb

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