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Dairy Diary Set 2023: This Set, featuring the iconic Dairy Diary, is better than ever! Beautiful A5 week-to-view diary with 52 delicious weekly ... Pocket Diary with pen and Notebook with pen.

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Chinese demand has remained disappointingthus far due to increased Chinese domestic dairy production and economic challenges. This is decreasing margins for farmers and the milk-to-feed-price ratio is now falling into the contraction zone. This would indicate that there is no incentive for farmers to push production and typically we would expect milk supplies to begin to contract in response. Global and domestic demand remain subdued. Latest Nielsen figures indicate volume falls in butter (-1.0%), cheese (-1.5%) and milk (-1.7%) although less steep than in previous months, whilst yogurt and cream have returned to modest growth (=0.1% and +0.7% respectively (source: Nielsen Homescan, 12 we 9 Sep 23). 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.

The latest published farmgate pricewas for August, with a UK average of 36.2ppl. Latest announced farmgate prices have been mixed in October with liquid milk contracts relatively steady but cheese contracts easing. Much will hinge on cow numbers. The rate of decline in the GB milking herd has been slowing according to BCMS data, only declining by 0.5% in April, or 8,900 head per annum. However, with pressures on margins we may see this accelerating in the Autumn. Unseasonably high grass growth is supporting cow numbers for now but farmers may need to act soon to take advantage of high cull cow prices. Current market signals are for beef prices to fall going forwards. Future success of the industry will probably continue to depend on ensuring the consumer is properly informed about the world-class standards of health and welfare achieved by UK dairy farmers, and the importance of dairy as a natural component of a well-balanced diet. 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. Interestingly, the milk price has increased tenfold since 1973 and is roughly the same in real terms, according to the Bank of England’s inflation calculator, but its value as a percentage of the retail price has reduced from 50% to just 42% today.There is a need to reassure consumers who may be turning to dairy alternatives about the health, environmental and welfare credentials of dairy. The industry’s emphasis should be on quality, not quantity, ensuring that demand is not exceeded, which should continue to maintain a strong retail price. Friesian Farm – summary figures (p/litre) Polish brand Papierniczeni provides another year of diary design that stands out. Featuring a lay flat, fabric-covered spine on a hardwearing cardboard cover. Designed vertically, the weekly schedule is the ideal solution for those who like to work through to-do lists and is printed on warm white paper.

There appears to be very little data on this, but the AHDB is progressing energy benchmarking. Grant aid via the Farm Equipment and Technology Fund in England should be available. RenewablesBefore 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. Looking further ahead, Andersons predicts the number of dairy farmers will continue to decline over the next decade, as will cow numbers.

January volumes are estimated as data was only available to 28 January at time of publication. Global milk production The latest outlook for EU productionis for deliveries to increase 0.3% due to increased yields. They also expect growth in exports due to a competitive price point. 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. On non-aligned liquid contracts most announcements were for holds, with Crediton, Freshways, Grahams and Muller Direct making no change in October. However, Payne’s Dairies announced a price drop of 1.00ppl for the month. Better milk price is likely to largely offset rampant ag inflation – margins will remain strong, but down on 2021-22

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An easy-peasy planner to prop onto your wall. Change the month by flipping and folding. These flip calendars are practical, functional, and easy on the eye. We have designs from Risotto, Once Upon a Tuesday, Crispin Finn and more. Wall planners GB milk production is forecast to reach 12.44bn litres for the 2022/23 season, up 0.7% on the previous season, according to the December forecast update. On a calendar year basis, GB production is expected to total 12.43bn litres. This is a 0.3% improvement on 2022, equivalent to an additional 39m litres.

Nevertheless, there will be good opportunities for those who see a long-term future in the industry. Suppressed demand and increasing supplies continued to push farmgate prices on a downwards trajectory. After the peak seen in January 2023, prices have been consistently falling: in June the average farmgate milk price reached 36.48 ppl according to Defra. Since then, announcements for July and August have continued to fall, although August was a more stable month. There were a continuation of falls in aligned contracts in August with all retailers dropping their prices. Based on full economic production costs, which include a value for unpaid family labour, depreciation and an imputed rental value for owned land. They reflect on-farm costs rather than spot prices of inputs.

Our latest forecastreleased in September predicted milk flows to slow down in the coming months with a conservative fall of at least 0.5% to be expected. There is scope for production to fall further if prices do not begin to recover this side of Christmas.

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