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GB milk deliveries grew 0.5% year on year in May to 1,141 million litres, with growth slowing. Milk price declines and high input costs are braking production, and a potential drought could reduce output further.
AHDB forecasts marginal 2023/24 milk delivery growth of 0.5%, with 7,500 GB dairy producers as of April, down 4.5%.
Slowing UK milk growth and farm exits, combined with drought risk, could tighten supply and modestly affect feed demand in the UK.
ahdb.org.ukJun 14, 2023After 136 past neutral report events, Milk (Class III) moved a median -0.1% over 5 sessions (43% higher; middle half -0.7% to +0.5%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
