영국 기타 우유 인사이트

Spend on cow’s dairy grew 0.3% year-on-year, driven by growth in average prices of 0.6% (52 w/e 30 November 2024). On a four week ending level, the Bovaer news doesn't appear to have impacted demand for dairy.

This milk year has been divided into two halves, with the first half lagging behind last year’s production, driven by wet weather conditions during the spring season and the preceding Autumn and Winter months and lower prices. This led to lower yields in the first half with lower levels of forage availability keeping production behind last year. However, the situation turned in September. Higher milk prices and improving margins, along with good grass growth (varied in regions) and much dryer weather that allowed the cows to stay out for longer brought a resurgence in milk flows.

GB milk deliveries through the milk year to date have contracted in supply terms as a result of the poor weather seen from Autumn last year through to Spring this year. In the milk year to date GB supplies have been back by 0.9%.   July was back by 0.4% and August by 0.5%. This was due to disappointing grass growth and quality going into summer and lack of farmer confidence given continued high input costs and costs of borrowing.  Off the back of this trend the AHDB forecast revision in September expected the 2024/25 season to end at 0.3% down year-on-year.