The summit delivered four days of dynamic programming, including eight main sessions and 21 break-out sessions focused on policy, scientific and technical insights and exclusive market analysis. IDF also released the World Dairy Situation Report 2023 , its 2022-23 annual report and announced the winners of its second annual IDF Dairy Innovation Awards, which celebrate and encourage innovative practices across the world. Robotic milking is being looked at by many, but in most cases this will increase the cost of milk production.

Domestic demand is also expected to be impacted by a squeeze on consumer incomes, with all products seeing lower sales. Based on published Agricultural Price index values for compound feedstuffs for cattle, straight fertilisers (nitrogenous) and fuel (for heating) Technology is almost certain to help in this area, with the main focus likely to be on feeding and genetics. 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.Global dairy demand is likely to remain challenged by low economic growth, although there is potential for improved import demand from China later in the year. The company believes these trends will continue, although yield increases may slow significantly, resulting in a small decline in UK output. At the same time, agricultural input inflation is running at well over 30%, with very significant increases in feed, fertiliser, energy and labour costs.

TotalDairy is the leading technical conference for the dairy industry in Europe. Attracting more than 400 delegates over two days, the event has become a highlight of the Dairy calendar. 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) Friesian Farm, Andersons’ model dairy farm, is used to illustrate trends within the dairy sector for a typical farm. It is not designed to showcase best practice As industry leaders in Europe, we take pride in delivering high-quality educational content that enables our delegates to stay up-to-date with the latest research and advancements in the dairy sector.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. Global production is not helping matters. Estimated global milk deliveries for May (the latest available data period) in our key production regions indicate production growth of 1.1% year-on-year. According to latest forecasts, however, estimated global milk production is expected to flatten off in 2023 to end the year at only 0.1% up. 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. 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. On retailer aligned contracts there was some minor positivity. Tesco and M&S held their prices for the month, while Sainsbury’s and Co-op announced increases of 0.34ppl and 0.12ppl respectively.