Prices & Trends

AS the coronavirus crisis spooks Governments, individuals and financial markets, empty supermarket shelves have become a visible symbol of the panic which has crept into many areas.

Many non-aligned dairy farmers are facing a two-pronged crisis of low milk prices and rising costs, which is largely being ignored by farming leaders.

First Milk will hold its milk price from April 1 at the current level.

Australian wheat production is set to rebound more than six million tonnes on improved soil moisture to a four-year high of 21.35mt after this year’s catastrophic harvest.

Nearly half a billion pounds worth of livestock was sold through Scotland’s auction marts in 2019.

The steam has temporarily gone out of the global pig meat market as Covid-19 impacts Chinese demand but prices are still holding steady.

US farm bankruptcies increased by 20 per cent in 2019 as its under-fire farmers felt the economic backlash of aggressive US trade policy.

Arla has announced that its UK March manufacturing milk price is to increase by 0.90ppl to 30.9ppl, in line with increases for its European farmer suppliers.

Chinese dairy imports could be down a quarter or more as a result of the Covid-19 coronavirus as diners in the country are forced to stay at home, analysis by Rabobank has revealed.

More than a quarter of UK food and drink businesses spent at least £1 million on stockpiling last year for a threatened no-deal Brexit which never took place.