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

Hawke's Bay to the world

Rockit chief executive Mark O'Donnell says consumer awareness for the brand continues to improve each year.

Featured

Feds back Fast-Track Approval Bill

Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.

Machinery builder in liquidation

In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.

Two hemispheres tied together through cows

One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.

National

Ploughing Champs success

Sean Leslie and Casey Tilson from Middlemarch, with horses Beau and Dough, took out the Rural News Horse Plough award…

Farmers oppose work visa changes

Farmers are crying foul over changes announced by the Government this week to the Accredited Employer Work Visa (AEWV) scheme.

Machinery & Products

PM opens new Power Farming facility

Morrinsville based Power Farming Group has launched a flagship New Zealand facility in partnership with global construction manufacturer JCB Construction.

AGTEK and ARGO part ways

After 12 years of representing the Landini and McCormick brands in New Zealand, Bay of Plenty-based AGTEK and the brands’…

100 years of Farmall Tractors

Returning after an enforced break, the Wheat and Wheels Rally will take place on the Lauriston -Barhill Road, North-East of…