Further price increases pose threat to UK meat and dairy demand – AHDB
Nine in 10 consumers have noticed the price of food increasing in supermarkets, with 62% concerned about food costs (AHDB/ Blue Marble Trust Research 2022), according to AHDB Senior Retail Insight Manager Kim Heath. This will come as no surprise as food and non-alcoholic beverage inflation hit 14.6% in September (ONS). Economics dictates that as a general […]
Dairy summary of the FAO & OECD Agricultural Outlook 2022-2031
Supply World milk production[1] is projected to grow at 1.8% p.a. over the next decade to 1,060 Mt by 2031, faster than most other main agricultural commodities. Over half of the increase in total milk production is anticipated to come from India and Pakistan, which will jointly account for over 30% of world production in 2031. […]
Will Chinese dairy demand drop in 2022?
China’s demand for dairy products plays a pivotal role in setting the price direction on global dairy markets. Back in 2013 and 2014 they bought above expectations, which contributed to the collapse in global dairy prices when import demand slumped in 2015. Historically there has been a strong relationship between China’s economic growth (as measured […]