fbpx
Print this page
Monday, 09 March 2020 10:59

UK records first ever trade surplus for dairy

Written by  Staff Reporters
The UK trade balance for all dairy products was positive in volume terms in 2019. The UK trade balance for all dairy products was positive in volume terms in 2019.

The UK has recorded its first trade surplus for dairy.

According to the Agriculture and Horticulture Development Board (AHDB), the UK trade balance for all dairy products was positive in volume terms in 2019. 

AHDB says there was a surplus of 95k tonnes of product, resulting in the first trade surplus on record since records began in 1997. 

Skim milk and buttermilk recorded the largest improvements in the trade balances.

AHDB says the improvement in the trade balance for skim milk is a “direct result” of shifting trade patterns across the Irish border, whereas buttermilk’s trade balance was influenced by reduced shipments from France, Belgium and Germany.

Cheese, yoghurt, and butter are still trading at a deficit, despite some growth in butter and cheese.

AHDB says the power trade surplus increased and the cream trade shifted from a trade deficit in 2018 to a surplus in 2019.

In value terms, there was still a trade deficit, however it has reduced since 2018, with the value of exports growing and the value of imports shrinking. 

AHDB says butter was a large contributor to the improvements to the trade deficit, thanks to reduced imports in 2019 and lower prices making the volume deficit worth less overall. 

More like this

Sino-Aus trade spat worsens

New Zealand should be carefully watching the unfolding trade war between Australia and China, says trade expert Stephen Jacobi.

A potential bogey for NZ/EU trade deal

The fallout from a golf match out in the west of Ireland could have negative repercussions on the outcome of New Zealand’s Free Trade Agreement (FTA) with the European Union.

Hort exports top $6.2 billion

Horticulture exports hit a record breaking $6.2 billion in the year ending June 2019 – up $720 million over the previous year.

Country’s backbone performs

New Zealand's primary sector has added steel to the country’s economy in the wake of the Covid-19 pandemic, according to a recently released report.

Featured

Longest running ag field days all go

The South Island Agricultural Field Days, held in Kirwee on the outskirts of Christchurch, will celebrate its 70th year in March 2021 with a bigger demonstration area.

 

New Feds man keen to build

New Feds board member, William Beetham wants the organisation recognised for its significant contributions to NZ farming and society as a whole.

National

Machinery & Products

New tractor fills the gap

Deutz Fahr has introduced the new 8280 TTV, which is aimed at filling the gap between its current 7 and…