Tridge summary
AHDB's recent market report indicates a slight decrease in the UK's dairy exports in Q1 2024, with a total volume of 327,000 t, down by 2,300 t from the previous year. Despite this overall decline, there was notable growth in the export of cheese, whey, and yogurt. Cheese exports reached their highest quarterly volume since 2020, increasing by 9,800 t, and whey and yogurt exports also saw significant increases. However, exports of other dairy products fell. The majority of these exports were to EU countries, with Ireland, the Netherlands, and Spain being the main contributors, despite a drop in exports to Belgium, France, and Poland. While there was some growth in exports to emerging markets in the MENA and Asian regions, the total exports to non-EU nations still experienced a decline due to significant drops in imports from several countries, including Bangladesh, Algeria, Egypt, Morocco, and China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Total export volumes of dairy products from the UK have declined marginally in Q1 2024, according to a recent market report from AHDB. Total export volume for Q1 2024 was 327,000 t, a decline of 2,300 t year-on-year. The level of EU exports remained almost at par, while exports to non-EU destinations declined by 2,300 t. However, cheese, whey and yogurt saw significant year-on-year growth. This was driven by exports to both EU and non-EU nations. Cheese exports are the highest recorded in a quarter since 2020. Exports of cheese products saw the largest increase of 9,800 t followed by whey and whey products at 2,900 t respectively. Exports of yogurt registered an increase of 1,700 t while exports declined across other products in the basket. Cheese prices have been softening since the beginning of this year, making it attractive for buyers. EU nations contribute more than 90% of total exports. Ireland (+3,600 t), Netherlands (+1,300 t), Spain (+600 t) were the major contributors to ...
Source: The Cattle Site
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