Strong production, tested demand send milk prices crashing
Strong global milk production and rebalancing of demand among key buyers has delivered one of the biggest drops in whole milk powder prices in recent years.
A two-pint bottle of own-brand milk now costs £1.25 (NZ$2.50) on average across four of the UK’s main supermarkets, a 36% jump since January.
The nearest comparable own-brand alternatives, which come in one-litre bottles, cost £1.05 ($2.10) for soya milk, £1.07 ($2.14) for almond milk and £1.24 ($2.47) for oat milk, according to retail research company Assosia.
Typically, plant-based products such as oat milk have cost more than cow’s milk, with some cafes facing criticism for charging extra for the non-dairy options. Vegan activists and customers suffering from lactose allergies have even complained that the charges are discriminatory.
They can’t complain any more.
