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AHDB reports GB milk production for 2022 fell 0.5% to 12.4bn litres, with December output roughly in line with the five-year average. Global 2022 milk output to October was 0.7% lower year on year.
UK and European wholesale dairy prices fell as supply rose and demand was subdued.
Lower global output and softer European wholesale prices together point to weaker dairy product prices, which affects demand for dairy-linked feed ingredients.
ahdb.org.ukJan 11, 2023Not enough comparable past events yet for a historical read.
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.
