# March dairy market review | AHDB

> GB milk deliveries rose 1.2% year on year in March to 1,088 million litres, bringing the 2022/23 season to 12.39 billion litres. Global February milk output grew 0.8%, and the EU forecasts a 0.2% decline in 2023 production.

- Date: 2023-04-20 · published 2023-04-20T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/36410-march-dairy-market-review-ahdb
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Steady milk output alongside falling milk prices may squeeze farm margins and lead to higher destocking later in the year, which would reduce feed demand. The impact on feed prices is modest in the near term.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-04-05 | [March Dairy Market Report - Southeast AgNET](https://feedsoft.ai/events/71521-march-dairy-market-report-southeast-agnet.md) | -4.3% | -3.2% |
| MILK | 2022-11-24 | [Quarterly dairy market update - Q3 2022 \| AHDB](https://feedsoft.ai/events/38700-quarterly-dairy-market-update-q3-2022-ahdb.md) | -3.6% | -2.4% |
| MILK | 2017-08-02 | [Dairy Market Outlook Q3 2017](https://feedsoft.ai/events/5480-dairy-market-outlook-q3-2017.md) | +4.8% | +6.7% |
| MILK | 2024-05-21 | [Market Outlook - Dairy Producer](https://feedsoft.ai/events/30249-market-outlook-dairy-producer.md) | -0.9% | +6.1% |
| MILK | 2026-07-24 | [Milk, Dairy and Grain Market Commentary](https://feedsoft.ai/events/18526-milk-dairy-and-grain-market-commentary.md) | -0.8% | +5.5% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/march-dairy-market-review-2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.