Before this, GB production had been running below year-ago figures since July 2021, although the year on year growth recorded in March through June was more to do with the sharp enforced reductions in the spring of 2020. An unfavourable milk-to-feed-price ratio, driven by rising feed costs and stagnant farmgate prices, was the key driver of lower yields in the autumn of 2021, although labour shortages will also have played a role. Margin pressures then worsened as global energy prices spiked, with the situation exacerbated by the outbreak of the war in Ukraine. The increase in milk prices through 2022 helped to offset the rising costs and supported improved yields in the final months of the year. The higher milk yields seen in the last quarter of 2022 continued into February but are now softening. The full year for the 2022-23 milk season ended up by 0.2% on the previous year. However, poor spring weather and lower prices/squeezed farm margins have so far slowed production growth this year. As it has been since the first World Dairy Congress held in 1903 in Brussels, the IDF WDS has been an unmatched opportunity to collaborate on the most promising opportunities and most important challenges in the dairy sector,” Brazzale said. “The hard work and dedication of everyone in the dairy sector produces delicious, nutritious, and simply irreplaceable food that feeds more than 6 billion consumers and sustains one billion livelihoods globally.”

No one anticipated that the milk price would increase from just over 30p/litre in October 2021 to approaching 50p/litre in October 2022, say Andersons authors Mike Houghton and Oliver Hall. Leather 2024 diary. Tree of Life decoration. Weekly or daily craft diary. Customizable with dedication and/or initials Even with the promised cap in energy prices, many businesses will see a doubling in the cost of red diesel and a trebling for electricity. A much greater understanding of energy consumption on dairy farms will be key.Product availability has outstripped demand in some cases leaving full inventories of butter and cheese in the EU for Q1 with increased production and reduced imports and exports. Available supplies of butter, cheese and whole milk powder (WMP) increased year-on-year whereas that of skimmed milk powder (SMP) has declined. Availability of SMP supplies declined by 20.6% year-on-year in Q1 2023 due to a 32.6% growth in exports. Planner 2022, Planner Notebook, Personalized Journal, Gifts for Co Worker Personalized Gifts for Women or Men, Diary, Leatherette Journal, Global Leaders Forum featuring Piercristiano Brazzale, President (International Dairy Federation); Barbara O’Brien, President and Chief Executive Officer (Dairy Management Inc.); Yohichi Ohnuki, President (Morinaga Milk Industry Co., Ltd.), and Chairman (J-MILK); Miles Hurrell, Chief Executive Officer (Fonterra Cooperative Group Ltd.); Patricia Stroup, Chief Procurement Officer (Nestlé); and, Jayen Mehta, Managing Director (Amul – Gujarat Co-operative Milk Marketing).

Nevertheless, there will be good opportunities for those who see a long-term future in the industry.August saw prices soften on global dairy wholesale markets barring some gains in butter, WMP and cheese markets in US. Milk production remains seasonally low with demand continuing to be weak. Some revival of demand is hoped for after the summer holidays. GB milk production is forecast to record marginal growth in 2023 in the region of 0.3%. However, there is some risk of a contraction in production if margins deteriorate. Better milk price is likely to largely offset rampant ag inflation – margins will remain strong, but down on 2021-22 Production in Julyis estimated to have totalled 1,028 million litres, ending the month at 0.8%, or 8.6 million litres, ahead of July last year. This is unsurprising when you consider that in July 2022 we were in the midst of a prolonged drought period, whereas July this year was one of the wettest on record. IDF’s collaboration with international standard setting bodies, featuring Jamie Jonker, Chair (Chief Science Officer, National Milk Producers Federation); Raj Rajasekar, Vice Chair (Codex Alimentarius Commission); Paul Mennecier, Chair, (ISO Technical Committee on Food Products); and, Caroline Emond, Director General (International Dairy Federation).

EU are forecasting a drop of 0.2%in milk production for 2023. This is in response to a declining dairy herd and lower prices forecast to drive a decline in production in the second half of the year, despite good yield growth. October 2019 Webinars WDS 2019 Webinars - Session 3: Sustainability and Climate change: What are the challenges and opport... Global milk productionin July fell into slight decline of -0.1% year on year. This still meant that the 12-month picture was up by 0.48% year-on-year but perhaps signs that as prices cool globally, the production tap is beginning to be turned down. Despite some recent signs of lower inflation in agricultural input costs, replacement costs through 2023 will remain high, putting pressure on cash flows.

So far this year we have seen a very dry February followed by a wet, cold spring that has limited firstly grass growth, and then access to pasture due to poaching. Despite this production was reasonable for March, ending up by 1.2% compared to March last year (although has since flattened off in April) but is now running -2% behind forecast with a later than average flush. Robotic milking is being looked at by many, but in most cases this will increase the cost of milk production. In the first four months of this year, cuts to milk prices (excluding aligned) have ranged from 3.5ppl and 10.5ppl, with further cuts expected for May, although Freshways have held price for May while Tesco are returning to its cost model, increasing the milk price by 1.0ppl in May.