Milk prices will remain high all year, IFCN predicts

Upward milk price trend in recent months does not compensate dairy farmers for the rise in costs for inputs like fertilisers, feed and energy, workshop heard
Milk prices will remain high all year, IFCN predicts

One of the anticipated trends is cheese and butter consumption increasing, but the use of milk powders in processing declining.

Milk prices will remain high all year in the face of current uncertainties, predicted the International Farm Comparison Network research partners at their recent interactive workshop, organised with the Eucolait federation of European dairy traders.

The event brought together 52 participants from 39 different companies and institutions, with some warning of a struggle in the future for processors to acquire their share of the world’s shrinking milk pool.

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