Inflation to hit farm margins in 2022 | AHDB – 7/3/2024
Headline figures for 2022: Production down 2%, exports up 9%, imports up 1%, demand down 2%. Dairy: GB milk production is forecast to end 2021/22 season down on year, with only modest growth calendar year 2022, as high input costs impact yields. Tight global milk supplies are expected to keep international markets supported.