December 2022 EU-27 + UK Dairy/Milk Production Analysis

Key Takeaways:

? Gains backed off from the 2% growth observed in November, though rates continued to be solid into the end of the calendar year, which ended nearly flat over 2021. Some of the key changes from the month prior were France turning back negative, and Italy, as well as the UK, reporting counter-seasonal production trends.

? Overall, gains on a volume basis were most notable from Germany (+79,050MT YOY) but strength also continued from the Netherlands (+46,500MT YoY)

? Italy’s collections dropped month-over-month in December (30-day month basis) when production should be ramping up, with losses over prior year the steepest since last May... To continue reading, click here to request a free trial and read HighGround Dairy’s complete analysis.

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